How to
Import 12 Mm Steel Bar to India

Are you here to know how you can import 12 Mm Steel Bar to India? Well, Connect2India gives you the complete understanding about how to import 12 Mm Steel Bar to India, from where to import 12 Mm Steel Bar, at what price 12 Mm Steel Bar should be imported and also the best 12 Mm Steel Bar exporters in the world.

12 Mm Steel Bar

Summary for the Indian 12 Mm Steel Bar import

In FY 2020-2021 (Apr-Nov), Around 46.87 USD million of 12 Mm Steel Bar is imported from India to China. It is around 27.32% of the total import of 12 Mm Steel Bar.

  • The value of 12 Mm Steel Bar import from India in October 2020 is 23.38 USD million .
  • Major countries where 12 Mm Steel Bar was imported in October 2020 are China(8.58), Rep. of Korea(3.2), Germany(2.22), Japan(2.15), TAIWAN(1.07).
S.no. Country Qty Value(USD Million) Month year
China 5856190 8.58 October 2020
Rep. of Korea 2688970 3.2 October 2020
Germany 529390 2.22 October 2020
Japan 523920 2.15 October 2020
TAIWAN 404980 1.07 October 2020
USA 235020 0.94 October 2020
France 279060 0.68 October 2020
Italy 123330 0.63 October 2020
China, Hong Kong SAR 40400 0.62 October 2020
United Kingdom 53200 0.62 October 2020
Singapore 96760 0.36 October 2020
Belgium 340760 0.33 October 2020
Sweden 27820 0.28 October 2020
Thailand 89000 0.27 October 2020
Malaysia 195220 0.26 October 2020
Switzerland 26080 0.23 October 2020
Ukraine 79770 0.15 October 2020
Finland 860 0.13 October 2020
Slovenia 43790 0.12 October 2020
Austria 4000 0.11 October 2020

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Import 12 Mm Steel Bar to India

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There are 82 distinct countries to import 12 Mm Steel Bar into India. Collectively India imported 171.57 USD Million of 12 Mm Steel Bar from those 82 countries in 2020-2021 (Apr-Nov) and USD Million in 2018, which is up by 45.22% than the 12 Mm Steel Bar imported into India the previous year. In 2017, countries exported around quantity of 12 Mm Steel Bar to India while in 2018, India’s 12 Mm Steel Bar import accounts to quantity from countries. This shows the rise of �% 12 Mm Steel Bar import in terms of quantity imported.

To import 12 Mm Steel Bar to India, the best countries according to Indian shipment records are China, Rep. of Korea, Japan, Germany, TAIWAN . Together they sold 171.57 USD Million worth value of 12 Mm Steel Bar to India.

Overall the import of 12 Mm Steel Bar into India fall of -27.25% since 2014 when 12 Mm Steel Bar import shipments into India were valued at 744.49 USD Million. Year over year, the value of 12 Mm Steel Bar import from India up by 45.22% from 2017 to 2018.

The import reached an all time high of 744.49 USD Million during the year 2014.

Among the countries from where 12 Mm Steel Bar is imported to India, the fastest growing growing nations were Armenia,Montenegro and Cuba.

The countries from where India reduced their 12 Mm Steel Bar imports are Eritrea,French Polynesia and CHRISTMAS IS.

As an importer of 12 Mm Steel Bar, you should know the HS CODE of products at first.

Some HS Codes corresponding to 12 Mm Steel Bar are

S.No Product H.S Code
Hot rolled bar, rod of iron steel, in irregular coils 7213
Hot rolled bar rod grooved iron or non alloy steel in irregular coils 721310
Iron steel bar, only forged hot rolled drawn, extrude 7214
Bar rod, iron or non alloy steel, forged 721410
Bar rod, iron or non alloy steel, indented or twisted, nes 721420
Bar rod, iron or non alloy steel, of free cutting steel, nes 721430
Bar and rod of iron or non alloy steel nes 7215
Bar rod, cold formed finished free cutting steel 721510
Bar or rod of stainless steel, hot rolled, coiled 7221
Bar, rod nes, stainless steel, angles, shapes section 7222

Use our HS CODE FINDER tool to search for the hs codes of products

Top Global Markets for import 12 Mm Steel Bar to India in 2020-2021 (Apr-Nov)

S.NO. Country Quantity of import import value of 12 Mm Steel Bar
import 12 Mm Steel Bar to India from China 37752900 46.87
import 12 Mm Steel Bar to India from Rep. of Korea 18967090 22.42
import 12 Mm Steel Bar to India from Japan 5831290 19.64
import 12 Mm Steel Bar to India from Germany 4826470 15.7
import 12 Mm Steel Bar to India from TAIWAN 4018430 10.07
import 12 Mm Steel Bar to India from USA 2027800 10.02
import 12 Mm Steel Bar to India from Netherlands 2101120 5.81
import 12 Mm Steel Bar to India from France 2116810 5.79
import 12 Mm Steel Bar to India from China, Hong Kong SAR 414050 4.6
import 12 Mm Steel Bar to India from Italy 1190880 4.19

Product wise trends to Import 12 Mm Steel Bar to India in 2020-2021 (Apr-Nov)

S.NO. Code Name Quantity of import import value of 12 Mm Steel Bar
72283029 Others 44047360 41.38
72284000 Othr bars and rods-forged 17882910 27.21
72210090 Bars and rods of stainless steel, hot-rolled, in irregularly wound coils, containing by weight < 2,5% nickel 9398620 19.22
72071290 Semi-finished products of iron or non-alloy steel, containing by weight < 0,25% carbon, of rectangular "other than square" cross-section, the width >= twice the thickness, forged 40129020 16.6
72142090 Others 32955150 15.23
72285090 Others 5828580 13.05
72283024 Bars and rods of tool and die steel 9263770 12.09
72279090 Other bars and rods,ht-rlld in irregurarly wound coils of othr alloy steel 12238990 10.19
72283019 Bright bars ofother stl 9379250 8.83
72279040 Bars and rods of cold bearing qulty 11771510 8.37

Import Duty for Of High Speed Steel under HS CODE 72042920

HS Code 72042920
Description Of High Speed Steel
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

Import Duty for Waste And Scrap Of Tinned Iron Or Steel under HS CODE 72043000

HS Code 72043000
Description Waste And Scrap Of Tinned Iron Or Steel
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

Import Duty for Of Alloy Steel under HS CODE 72052100

HS Code 72052100
Description Of Alloy Steel
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

Import Duty for Of High Carbon Steel under HS CODE 72061020

HS Code 72061020
Description Of High Carbon Steel
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

Import Duty for Seamless Steel Tube Quality under HS CODE 72071130

HS Code 72071130
Description Seamless Steel Tube Quality
Customs Duty (%) 15%
IGST 18%
Compensation Cess 0%
Specific Duty (%) Not Applicable
Pref Duty (%) Not Applicable
Total Duty (%) 35.7%
Import Policy

People Also Ask

Which country is the major exporter of 12 Mm Steel Bar to India?

China, Rep. of Korea, Japan, Germany, TAIWAN are the major exporters of 12 Mm Steel Bar to India.

Describe 12 Mm Steel Bar import industry in India?

12 Mm Steel Bar import industry in India is worth 171.57 USD Million in India in 2020-2021 (Apr-Nov). There are total of 82 countries from where India import’s quantity of 12 Mm Steel Bar.