---
title: "7207 HSN Code | HSN Code for Semi-finished Steel in India"
description: "Know more about 7207 HSN Code with BUSY Accounting - HSN Tariff, GST Rates and case laws related to chapter 7207 covering Semi-finished Steel."
canonical: "https://busy.in/hsn/sub-chapter-7207/"
---

# HSN Sub-chapter 7207: Semi-finished Steel

Semi-finished products of iron or non-alloy steel

Part of [Chapter 72: Iron & Steel](https://busy.in/hsn/chapter-72/).

- Current GST rate: 18%
- Earlier GST rate: 18%

## HSN codes

| Code | Title |
| --- | --- |
| 72071110 | [Semi-Finished Products of Iron or Non-Alloy Steel](https://busy.in/hsn/hsn-72071110/) |
| 72071120 | [Semi-Finished Alloy Steel Products](https://busy.in/hsn/hsn-72071120/) |
| 72071130 | [Semi-Finished Stainless Steel Products](https://busy.in/hsn/hsn-72071130/) |
| 72071190 | [Other Semi-Finished Steel Products](https://busy.in/hsn/hsn-72071190/) |
| 72071210 | [Stainless Steel Wire Rods](https://busy.in/hsn/hsn-72071210/) |
| 72071220 | [Other Wire Rods of Alloy Steel](https://busy.in/hsn/hsn-72071220/) |
| 72071230 | [Other Wire Rods of Stainless Steel](https://busy.in/hsn/hsn-72071230/) |
| 72071290 | [Other Wire Rods](https://busy.in/hsn/hsn-72071290/) |
| 72071910 | [Bars and Rods of Non-Alloy Hot-Rolled Iron](https://busy.in/hsn/hsn-72071910/) |
| 72071920 | [Bars and Rods of Alloy Hot-Rolled Steel](https://busy.in/hsn/hsn-72071920/) |
| 72071990 | [Other Hot-Rolled Bars and Rods](https://busy.in/hsn/hsn-72071990/) |
| 72072010 | [Bars and Rods of Non-Alloy Cold-Rolled Iron](https://busy.in/hsn/hsn-72072010/) |
| 72072020 | [Bars and Rods of Alloy Cold-Rolled Steel](https://busy.in/hsn/hsn-72072020/) |
| 72072030 | [Bars and Rods of Stainless Cold-Rolled Steel](https://busy.in/hsn/hsn-72072030/) |
| 72072090 | [Other Cold-Rolled Bars and Rods](https://busy.in/hsn/hsn-72072090/) |

## Frequently asked questions

### What products are classified under HSN 7207

It includes Semi-finished Steel

### Does packaging or branding change how GST applies to Semi-finished Steel?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Semi-finished Steel is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.

### Can reverse charge ever apply to transactions involving Semi-finished Steel?

Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Semi-finished Steel are forward charge. Check the current notifications for any special cases before deciding.

### How should I document Semi-finished Steel sent for job work?

Use a delivery challan for sending Semi-finished Steel to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.

### Does MRP, weight or pack size change GST treatment for Semi-finished Steel?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

### Any import/export nuance for Semi-finished Steel?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

## India's trade performance: HSN Sub-Chapter 7207 (FY 2024-25)

Source: TradeStat EIDB, Ministry of Commerce & Industry. Values in ₹ Crore (FY 2018-19 to FY 2024-25).

- Exports: ₹3,154 Cr (−20.59% YoY) — 0.0852% of India's total exports
- Imports: ₹1,118 Cr (−44.90% YoY) — 0.0183% of India's total imports
- Trade balance: ₹2,036 Cr (Surplus); surplus rank #130 of 1233 sub-chapters
- Share of Chapter 72: 4.03% of its exports; import side 0.76%
- Rank within Chapter 72: #8 of 29 by export value; import-side #14

### Key metrics

- Export CAGR: -13.90% (FY 2018-19 to FY 2024-25, 7 fiscal years)
- National export rank: #197 of 1233 sub-chapters by export value (FY 2024-25)
- Peak growth year: +136.58% in FY 2020-21
- Contribution to Ch. 72: 4.03% of its exports (FY 2024-25)

## India export-import trade statistics: HSN Sub-Chapter 7207

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

| FY | Exports (₹ Cr) | Exp share | Exp YoY | Exp % of Ch. 72 | Imports (₹ Cr) | Imp share | Imp YoY | Imp % of Ch. 72 | Trade balance | Exp rank |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| FY 2018-19 | 7,742.99 | 0.3373% | — | 11.37% | 1,317.14 | 0.0367% | — | 1.50% | +6,425.85 | #50 |
| FY 2019-20 | 8,411.23 | 0.3808% | +8.63% | 12.79% | 386.47 | 0.0115% | −70.66% | 0.51% | +8,024.76 | #38 |
| FY 2020-21 | 19,899.08 | 0.9252% | +136.58% | 22.13% | 415.84 | 0.0143% | +7.60% | 0.68% | +19,483.24 | #20 |
| FY 2021-22 | 21,968.51 | 0.7000% | +10.40% | 12.88% | 100.37 | 0.0022% | −75.86% | 0.11% | +21,868.14 | #22 |
| FY 2022-23 | 7,578.74 | 0.2093% | −65.50% | 7.09% | 1,620.17 | 0.0282% | +1,514.20% | 1.13% | +5,958.57 | #84 |
| FY 2023-24 | 3,971.34 | 0.1098% | −47.60% | 4.05% | 2,028.92 | 0.0361% | +25.23% | 1.31% | +1,942.42 | #153 |
| FY 2024-25 | 3,153.62 | 0.0852% | −20.59% | 4.03% | 1,117.98 | 0.0183% | −44.90% | 0.76% | +2,035.64 | #197 |

- CAGR (7-year): exports -13.90%/yr, imports -2.70%/yr (consistently Surplus)

## Key trade insights: HSN Sub-Chapter 7207 export-import analysis

### Export decline: -13.90% CAGR over 7 years

India's exports under HSN Sub-Chapter 7207 have declined at a compound annual rate of -13.90% over 7 fiscal years, falling from ₹7,742.99 Crore in FY 2018-19 to ₹3,153.62 Crore in FY 2024-25.

### HSN Sub-Chapter 7207 ranked #197 among all 1233 sub-chapters by export value

In FY 2024-25, HSN Sub-Chapter 7207 ranks #197 out of 1233 sub-chapters by total export value. Within Chapter 72, it ranks #8 of 29. By trade surplus, it ranks #130 of 1233.

### FY 2020-21 was the strongest growth year for HSN Sub-Chapter 7207 exports

The strongest single-year export movement for HSN Sub-Chapter 7207 was recorded in FY 2020-21, when exports surged by 136.58% over the prior year.

### India maintains a trade surplus of ₹2,035.64 Crore in HSN Sub-Chapter 7207 goods

In FY 2024-25, India's exports of ₹3,153.62 Cr exceeded imports of ₹1,117.98 Cr, resulting in a trade surplus of ₹2,035.64 Crore — ranking #130 of 1233 by surplus magnitude.

### Import growth of -2.70% CAGR signals stable import dependency for Semi-finished Steel

India's imports under HSN Sub-Chapter 7207 have grown at -2.70% CAGR, reaching ₹1,117.98 Crore in FY 2024-25.

### HSN Sub-Chapter 7207 contributes 4.03% of Chapter 72 exports — ranked #8

Among the 29 sub-chapters under Chapter 72, HSN Sub-Chapter 7207 ranks #8 by export value — accounting for 4.03% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.76% share (rank #14).

## Related Sub-Chapters in Chapter 72

Ranked by export value (FY 2024-25).

| Rank | HSN Sub-Chapter | Exports (FY 2024-25) |
| --- | --- | --- |
| #1 | [HSN Sub-Chapter 7202: Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) | ₹21,917 Cr |
| #2 | [HSN Sub-Chapter 7222: Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) | ₹9,436 Cr |
| #3 | [HSN Sub-Chapter 7210: Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) | ₹8,733 Cr |
| #4 | [HSN Sub-Chapter 7208: Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) | ₹6,913 Cr |
| #5 | [HSN Sub-Chapter 7219: Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) | ₹4,569 Cr |
| #6 | [HSN Sub-Chapter 7203: Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) | ₹4,077 Cr |
| #7 | [HSN Sub-Chapter 7223: Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) | ₹3,561 Cr |
| #8 | HSN Sub-Chapter 7207: Semi-finished Steel (this hsn sub-chapter) | ₹3,154 Cr |
| #9 | [HSN Sub-Chapter 7209: Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) | ₹2,527 Cr |
| #10 | [HSN Sub-Chapter 7224: Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) | ₹1,500 Cr |

## Other sub-chapters

| Code | Title |
| --- | --- |
| 7201 | [Pig iron](https://busy.in/hsn/sub-chapter-7201/) |
| 7202 | [Ferro-alloys](https://busy.in/hsn/sub-chapter-7202/) |
| 7203 | [Ferrous products, iron 99.94% purity](https://busy.in/hsn/sub-chapter-7203/) |
| 7204 | [Ferrous scrap](https://busy.in/hsn/sub-chapter-7204/) |
| 7205 | [Iron Powders](https://busy.in/hsn/sub-chapter-7205/) |
| 7206 | [Primary Iron & Steel](https://busy.in/hsn/sub-chapter-7206/) |
| 7208 | [Hot-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7208/) |
| 7209 | [Flat-Rolled Iron Products](https://busy.in/hsn/sub-chapter-7209/) |
| 7210 | [Flat Steel (>600 mm)](https://busy.in/hsn/sub-chapter-7210/) |
| 7211 | [Flat-rolled iron & steel products](https://busy.in/hsn/sub-chapter-7211/) |
| 7212 | [Flat Iron & Steel](https://busy.in/hsn/sub-chapter-7212/) |
| 7213 | [Wood pulp products](https://busy.in/hsn/sub-chapter-7213/) |
| 7214 | [Iron or steel rods and bars](https://busy.in/hsn/sub-chapter-7214/) |
| 7215 | [Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7215/) |
| 7216 | [Iron anchors and grapnels](https://busy.in/hsn/sub-chapter-7216/) |
| 7217 | [Iron/non-alloy steel wire](https://busy.in/hsn/sub-chapter-7217/) |
| 7218 | [Stainless steel products](https://busy.in/hsn/sub-chapter-7218/) |
| 7219 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7219/) |
| 7220 | [Stainless steel flat products](https://busy.in/hsn/sub-chapter-7220/) |
| 7221 | [Stainless steel bars and rods](https://busy.in/hsn/sub-chapter-7221/) |
| 7222 | [Knitted clothing articles](https://busy.in/hsn/sub-chapter-7222/) |
| 7223 | [Wire of stainless steel](https://busy.in/hsn/sub-chapter-7223/) |
| 7224 | [Other alloy steel products](https://busy.in/hsn/sub-chapter-7224/) |
| 7225 | [Alloy steel flat products](https://busy.in/hsn/sub-chapter-7225/) |
| 7226 | [Hot-rolled alloy steel](https://busy.in/hsn/sub-chapter-7226/) |
| 7227 | [Aluminum fittings](https://busy.in/hsn/sub-chapter-7227/) |
| 7228 | [Alloy Steel Bars & Rods](https://busy.in/hsn/sub-chapter-7228/) |
| 7229 | [Alloy Steel Wire](https://busy.in/hsn/sub-chapter-7229/) |