Steel Coil

Steel Coil refers to semi-finished or finished steel products (such as hot-rolled, cold-rolled, galvanized, etc.) that have been continuously rolled and then coiled into a roll. It is one of the most common bulk commodities in international steel trade. The English term is Steel Coil, which can be further classified into Hot Rolled Coil (HRC), Cold Rolled Coil (CRC), Galvanized Coil, etc. Usage scenarios include: import and export customs declaration, letter of credit description, ocean freight booking, insurance underwriting, etc. Notes: 1) Steel coils are heavy and are usually priced by theoretical weight or actual weight; more or less clauses must be specified; 2) They are prone to moisture and rust during transportation, so rust-proof packaging and corresponding insurance coverage are required; 3) Steel coils under different standards (such as ASTM, JIS, EN) have different chemical compositions and mechanical properties, and the contract must specify the standard. Differences from other terms: Steel coil emphasizes the coiled form, as distinguished from steel plate/sheet and steel strip; at the same time, steel coil is often used as a raw material, while section steel, rebar, etc. are mostly used in building structures. Foreign trade practitioners need to pay attention to anti-dumping duties, export tax rebates, and technical barriers in destination countries.