24101

Iron and steel rolling mills

classLevel 4Use for ACRA Registration

This sub-class includes one of the following operations: - reduction of iron ore in blast furnaces and oxygen converters - reduction of ferrous waste and scrap in electric arc furnaces - direct reduction of iron ore without fusion to obtain crude steel. The crude steel is smelted and refined in a ladle furnace, and then poured and solidified in a continuous caster in order to produce semi-finished flat or long products These products are used, after reheating, in rolling, drawing and extruding operations to manufacture finished products such as plate, sheet, strip, bars, rods, wire, tubes, pipes and hollow profiles. Units in this sub-class include the manufacture of: - hot-rolled and/or cold-rolled flat-rolled products of steel - hot-rolled bars and/or rods of steel - hot-rolled open sections of steel - steel bars and/or solid sections of steel by cold drawing, grinding or turning - open sections by progressive cold forming on a roll mill or folding on a press of flat-rolled products of steel - wire of steel by cold drawing or stretching - sheet piling of steel and/or welded open sections of steel - railway track materials (unassembled rails) of steel - seamless tubes, pipes and/or hollow profiles of steel, by hot rolling, hot extrusion or hot drawing, or by cold drawing or cold rolling - welded tubes and/or pipes of steel, by cold or hot forming and/or welding, delivered as welded or further processed by cold drawing or cold rolling or manufactured by hot forming, welding and reducing - tube fittings of steel, such as: flat flanges and/or flanges with forged collars, butt-welded fittings, threaded fittings, socket-welded fittings - operation of blast furnaces, steel converters, rolling and/or finishing mills - re-melting of scrap ingots of iron or steel - pig iron and/or spiegeleisen in pigs, blocks or other primary forms - semi-finished products of steel

SSIC Guide

Licences & Permits

2 licences apply to businesses in this SSIC code depending on the specific activities you conduct. Most are activity-triggered — a holding company in 64, for example, only needs a Banking Licence if it actually conducts banking.

In Singapore, the manufacture of certain goods is regulated by the Control of Manufacture Act. Any person that intends to manufacture COMA-scheduled goods or their parts thereof would need to apply to be registered under the COMA. For more information please visit: COMA legislation

Processing
30 working days from the submission of all required information
Full reference: how to apply, FAQ, prerequisites

For factories to apply for a written permission to discharge trade effluent into a watercourse.

Processing
available on the agency's website
Full reference: how to apply, FAQ, prerequisites

Need help with these licences?

We handle the applications, document prep, and agency liaison end-to-end.

Licence requirements change — we keep this list current as part of the engagement.

Tax Incentives & Schemes

5 schemes that businesses in this SSIC code may qualify for. Eligibility is case-by-case — talk to the relevant authority.

Concessionary taxEDBDEI

Development & Expansion Incentive (DEI)

Benefit: 5% or 10% concessionary corporate tax on qualifying incremental income for up to 10 years. The follow-on to Pioneer once activity is established.

Eligibility: Existing activity in Singapore expanding into substantially new capability or capacity. Discretionary, EDB-administered.

Capital allowanceEDBLIA

Land Intensification Allowance (LIA)

Benefit: Initial 25% + annual 5% capital allowance on qualifying construction or renovation costs for industrial buildings meeting prescribed gross-plot-ratio benchmarks.

Eligibility: Industrial site achieving Singapore's higher Gross Plot Ratio benchmarks for the activity.

Concessionary taxEDBPioneer

Pioneer Certificate Incentive (PC)

Benefit: 0% corporate tax on qualifying income for up to 15 years (typically 5–10) for genuinely pioneer manufacturing or services activity.

Eligibility: Substantial new economic activity in Singapore: substantial fixed-asset investment, technology spillovers, and new-to-Singapore expertise. Approved on a discretionary, case-by-case basis.

Tax exemptionIRASPTE

Partial Tax Exemption (PTE)

Benefit: First SGD 10,000: 75% exemption; next SGD 190,000: 50% exemption. Available to all companies (including those past their 3-year SUTE window).

Eligibility: Singapore tax-resident company.

Tax exemptionIRASSUTE

Start-Up Tax Exemption (SUTE)

Benefit: First SGD 100,000 of chargeable income: 75% exemption; next SGD 100,000: 50% exemption. For each of the first 3 YAs after incorporation.

Eligibility: Newly incorporated SG-resident company, ≤ 20 individual shareholders (or one corporate holding ≥ 10%), not in investment-holding or property-development.

Note for SSIC : Excludes 64202 investment holding & 41001/68101 property development

Worth applying for any of these?

We screen eligibility and shape the application — most schemes are discretionary and need a substantive activity case.

Foreign Worker Levies

This SSIC code falls under MOM's Manufacturing sector for foreign-worker levy purposes. Levies below apply per worker per month, paid by the employer in addition to salary.

S Pass

TierMonthlyConditions
Tier 1SGD 550Up to 18% of total workforce

Work Permit

TierMonthlyConditions
Higher-skilled (Tier 1)SGD 250Up to 25% of total workforce
Basic (Tier 1)SGD 370Up to 25%
Basic (Tier 2)SGD 47025–50%
Basic (Tier 3)SGD 650>50% (up to DRC)

Hiring foreign workers in this sector?

We handle Work Permit, S Pass, and EP applications alongside the incorporation — and check Dependency Ratio Ceilings before you commit headcount.

Levies and Dependency Ratio Ceilings are reviewed periodically by MOM (rates above effective 2024-09-01).

Need help choosing?

Our guide helps you find the right SSIC code for your business activity.

Read the SSIC Guide