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The HS Code for galvanized iron wire typically falls under Category 7 (Wire and Articles of Wire) in the international classification system. More specifically, it can be classified under HS Code 7217, which generally pertains to wire of iron or non-alloy steel, excluding stranded wire. The precise subheading may vary depending on the specific characteristics of the wire, such as its gauge, type of coating, and intended use.
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4. Market Demand The demand for galvanized iron sheets varies across different sectors, such as construction, automotive, and appliances. Economic growth can lead to increased construction activity and higher demand for roofing materials, consequently driving prices up. Conversely, during economic downturns, demand may decline, leading to price reductions as factories seek to maintain sales.
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