HSN Code 7224 refers to "Steel, alloy, other than stainless, in ingots or other primary forms, semi-finished products of alloy steel other than stainless (excluding waste and scrap in ingot form, and products obtained by continuous casting)." This classification code is essential for identifying alloy steel products for import/export purposes based on their nature, composition, and intended use. Common products under HSN Code 7224 include alloy steel ingots, semi-finished alloy steel billets, and slabs. Additionally, the GST rate for alloy steel products under this code ensures accurate trade compliance.