Ferrous products; obtained by direct reduction of iron ore, in lumps, pellets or similar forms

HS code 720310 covers ferrous products obtained through the direct reduction of iron ore. This process is a crucial step in the steel production industry, as it transforms raw iron ore into a more refined and concentrated form that can be further processed into various steel products. The ferrous products under this code play a vital role in the global economy, serving as essential inputs for a wide range of industries, from construction and automotive to machinery and infrastructure development.

The production of ferrous products under HS code 720310 involves the direct reduction of iron ore, a process that removes oxygen from the ore to produce a solid metallic product. This is typically achieved through the use of reducing agents, such as natural gas or coal, in a controlled environment. The resulting ferrous products can take the form of lumps, pellets, or similar shapes, depending on the specific production methods and equipment used.

The main inputs required for the production of ferrous products under HS code 720310 include iron ore, reducing agents (such as natural gas or coal), and specialized equipment for the direct reduction process. Additionally, energy sources, such as electricity or heat, are necessary to power the production facilities and maintain the required operating conditions.

The primary output of HS code 720310 is ferrous products in the form of lumps, pellets, or similar shapes. These ferrous products are then typically consumed by industries that require refined iron or steel as a raw material, such as 720810 Flat-rolled products of iron or non-alloy steel, of a width of 600 mm or more, hot-rolled, not clad, plated or coated, 721310 Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel, and 730110 Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements.