Ferrous products; spongy ferrous products and iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms

HS code 720390 covers a range of ferrous products, including spongy ferrous products and iron with a minimum purity of 99.94%, in the form of lumps, pellets, or similar forms. These materials are essential inputs for various industries, from steel production to specialized manufacturing processes. They play a crucial role in the broader economy, contributing to the development of infrastructure, transportation, and a wide array of consumer and industrial goods.

The production of the ferrous products covered under HS code 720390 typically involves a multi-step process. The raw materials, which may include iron ore, scrap metal, and other ferrous feedstocks, are first processed through reduction and purification techniques to achieve the desired purity levels. This can involve methods such as direct reduction, smelting, and refining. The resulting ferrous materials are then shaped into the desired forms, such as lumps, pellets, or other similar configurations, through various shaping and compaction processes.

The main inputs required for the production of the ferrous products under HS code 720390 include iron ore, scrap metal, and other ferrous raw materials. Additionally, the production process may require specialized equipment and machinery, such as furnaces, reduction reactors, and compaction or shaping equipment. Energy sources, such as electricity or natural gas, are also essential inputs for the various stages of the production process.

The ferrous products covered under HS code 720390 are primarily used as inputs for the 720110 Pig iron and spiegeleisen in pigs, blocks or other primary forms and 720310 Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms industries. These materials can also be further processed and utilized in the production of various steel and iron-based products, 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 and 721310 Bars and rods, hot-rolled, in irregularly wound coils, of iron or non-alloy steel.