WCO classification path

  1. Chapter72Iron and steel
  2. Heading7203FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILAR FORMS; IRON HAVING MINIMUM PURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS
  3. Subheading720310Ferrous products obtained by direct reduction of iron ore
  4. National72031000Ferrous products obtained by direct reduction of iron ore

72031000

"Ferrous products obtained by direct reduction of iron ore"

HS code 7203100000 (Chapter 72 "Iron and steel"; Heading 7203 "FERROUS PRODUCTS OBTAINED BY DIRECT REDUCTION OF IRON ORE AND OTHER SPONGY FERROUS PRODUCTS, IN LUMPS, PELLETS OR SIMILAR FORMS; IRON HAVING MINIMUM PURITY BY WEIGHT OF 99.94%, IN LUMPS, PELLETS OR SIMILAR FORMS"; Subheading 720310 "Ferrous products obtained by direct reduction of iron ore") under the Korea tariff schedule classifies "Ferrous products obtained by direct reduction of iron ore". Korea customs apply MFN rate of 0, WTO bound rate 0. Statutory unit of measure: KG. 31 free trade agreement preferential rates are available for this code.

Tariff Schedule

ClassificationRate
MFN 税率
MFN rate
0
WTO 约束税率
WTO bound rate
0

FTA Preferential Rates

31 agreements available · certificate of origin required

AgreementRate
AKFTA (ASEAN-Korea)0%
KAFTA (Korea-Australia)0%
CKFTA (Canada-Korea) / CPTPP0%
Korea-Central America (Costa Rica)0%
Korea-Central America (Honduras)0%
Korea-Central America (Nicaragua)0%
Korea-Central America (Panama)0%
Korea-Central America (El Salvador)0%
Korea-Chile0%
Korea-China0%
Korea-Colombia0%
Korea-EFTA0%
Korea-EU0%
Korea-UK0%
Korea-Indonesia (CEPA)0%
Korea-Israel0%
Korea-India (CEPA)0%
Korea-Cambodia0%
Korea-New Zealand0%
Korea-Peru0%
Korea-Philippines0%
RCEP (ASEAN)0%
RCEP (Australia)0%
RCEP (China)0%
RCEP (Japan)0%
RCEP (New Zealand)0%
Korea-Singapore0%
Korea-Turkey0%
KORUS (Korea-US)0%
Korea-Vietnam0%
RCEP0%

Global Benchmark

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HS-6 prefix 7203.10 across other jurisdictions

US
United States
Free
IN
India
5
ID
Indonesia
0.00
MY
Malaysia
0%
PH
Philippines
—
TH
Thailand
5.00
VN
Vietnam
5
JP
Japan
Free
AU
Australia
Free
BR
Brazil
0.0%
MX
Mexico
Ex.*
7203100000 · Ferrous products obtained by direct reduction of iron ore · Korea · Treayo