Iron ores and concentrates; agglomerated (excluding roasted iron pyrites)

HS code 260112 covers iron ores and concentrates that have been agglomerated, excluding roasted iron pyrites. This industry is a crucial component of the global steel production supply chain, providing the raw materials necessary for the manufacture of a wide range of steel products. Iron ore is an essential commodity, with global demand driven by the construction, automotive, and infrastructure development sectors, making it a key driver of economic growth worldwide.

The production of iron ore concentrates under HS code 260112 typically involves several key steps. First, iron ore is extracted from mines through various methods such as open-pit or underground mining. The extracted ore is then crushed, ground, and beneficiated to remove impurities and increase the iron content. Agglomeration techniques, such as pelletizing or sintering, are then used to bind the iron ore particles together, creating a more uniform and higher-density product that is easier to transport and process in steel production.

The main inputs required for the production of iron ore concentrates under HS code 260112 include the raw iron ore itself, as well as various energy sources, such as electricity or fuel, to power the mining, crushing, and agglomeration processes. Specialized mining equipment, such as excavators, crushers, and pelletizing or sintering plants, are also essential inputs for this industry. Additionally, water and various chemical additives may be used in the beneficiation and agglomeration stages.

The primary output of the industry covered by HS code 260112 is agglomerated iron ore concentrates, which are then consumed by the 720110 Pig iron and 720410 Ferrous waste and scrap; remelting scrap ingots of iron or steel industries for the production of various steel products. These steel products, in turn, are used in a wide range of applications, including construction, automotive manufacturing, machinery, and infrastructure development.