Subheading · Chapter 72 · Heading 7203

7203.10

7203.10: Ferrous products obtained by direct reduction of iron ore

Direct reduced iron (DRI)

7203.10 is the HS subheading for direct reduced iron (DRI), under heading 7203 in chapter 72.

What you pay

Importing into UK from Barbados

Rates by national line · UK Global Tariff

UK lines →
  1. 7203 10 00 00 Ferrous products obtained by direct reduction of iron ore Free

Additional duties and import rulesBarbados

Charges on top of the customs duty, and rules the goods must meet at the border.

No additional measures recorded for this origin.

UK: imports by month

last 12 months£86k+84.1% · previous 12 months
Average import price£2.77 per kg
Jan 2024: £4kFeb 2024: £175kMar 2024: £25kApr 2024: £9kJul 2024: £17kAug 2024: £1kSept 2024: £8kNov 2024: £8kDec 2024: £7kFeb 2025: £2kApr 2025: £8kJun 2025: £14kSept 2025: £1kOct 2025: £9kNov 2025: £17kDec 2025: £6kFeb 2026: £5kApr 2026: £3kMay 2026: £13kJul 2026: £9kAug 2026: £23k 2024
Data up to August 2026 (provisional) · Monthly data: Eurostat Comext (CC BY 4.0), HMRC (OGL v3.0)

Main suppliers, last 12 months

CountryValueShareChange
China £32k 36.6% +6.5%
Belgium £19k 21.5% —
Denmark £12k 13.8% —
Norway £12k 13.5% —
India £12k 13.4% —
Ireland £1k 1.2% —
Germany £0 0% -100%
Luxembourg £0 0% -100%

Same subheading in other tariffs

World trade in 2024

7203.10 · US$4.4bn

Trade value (US$) no reported trade < US$624.3kUS$624.3k+US$32.4m+US$228.4m+> US$667m

Exports: 75
  1. Russia: US$875.4m
  2. Oman: US$791.1m
  3. Trinidad & Tobago: US$667m
  4. India: US$455.5m
  5. United States: US$307.2m
  6. Sweden: US$237.7m
  7. Malaysia: US$229.9m
  8. Libya: US$228.4m
  9. Venezuela: US$105.5m
  10. Qatar: US$66.5m
  11. Belgium: US$62.4m
  12. Iran: US$57m
  13. Bahrain: US$49.6m
  14. Poland: US$48m
  15. Algeria: US$39.7m
  16. United Arab Emirates: US$38.2m
  17. Brazil: US$33.5m
  18. China: US$32.4m
  19. Canada: US$16.2m
  20. Italy: US$14.6m
  21. Uganda: US$12.5m
  22. South Africa: US$10.9m
  23. Uzbekistan: US$9.1m
  24. Austria: US$3.4m
  25. France: US$3.2m
  26. Kuwait: US$2.6m
  27. United Kingdom: US$2.1m
  28. Côte d’Ivoire: US$2.1m
  29. Netherlands: US$1.8m
  30. Germany: US$1.7m
  31. Egypt: US$1.3m
  32. Czechia: US$1.2m
  33. Spain: US$1m
  34. Romania: US$1m
  35. Denmark: US$738.8k
  36. Taiwan: US$624.3k
  37. South Korea: US$612.2k
  38. Burkina Faso: US$470.4k
  39. Bolivia: US$355.5k
  40. Australia: US$300.4k
  41. Hungary: US$284.9k
  42. Bulgaria: US$191.6k
  43. Finland: US$149.4k
  44. Portugal: US$139k
  45. Japan: US$123.7k
  46. Norway: US$90.7k
  47. Ghana: US$61.3k
  48. Singapore: US$57.3k
  49. Georgia: US$46.5k
  50. Slovenia: US$39.8k
  51. Slovakia: US$37.9k
  52. Greece: US$36k
  53. Saudi Arabia: US$22.2k
  54. Ukraine: US$12.2k
  55. Thailand: US$6.3k
  56. Türkiye: US$6.3k
  57. Tunisia: US$6k
  58. Botswana: US$5.7k
  59. Luxembourg: US$5k
  60. New Zealand: US$4.9k

Top exporters

RankCountryValueShare
1 Russia US$875.4m 19.8%
2 Oman US$791.1m 17.9%
3 Trinidad & Tobago US$667m 15.1%
4 India US$455.5m 10.3%
5 United States US$307.2m 7%
6 Sweden US$237.7m 5.4%
7 Malaysia US$229.9m 5.2%
8 Libya US$228.4m 5.2%
9 Venezuela US$105.5m 2.4%
10 Qatar US$66.5m 1.5%

Top importers

RankCountryValueShare
1 Saudi Arabia US$1.1bn 23.8%
2 United States US$656m 14.9%
3 Türkiye US$345.9m 7.8%
4 Nepal US$308.6m 7%
5 Germany US$242m 5.5%
6 Italy US$231.8m 5.3%
7 India US$186m 4.2%
8 Austria US$135.8m 3.1%
9 Vietnam US$126.7m 2.9%
10 Bangladesh US$121.8m 2.8%

Recent rule changes mentioning this code

Acts whose text cites this code or its heading. Check the act itself: a code can be cited for reasons other than a change of its duty.

  1. GB Tariff change

    UK Trade Tariff: measure changes on 1015 commodity codes

    Trade Tariff changes 2026-09-29 · Source: trade-tariff.service.gov.uk

  2. GB Sanctions · Applies from:

    The Iran (Sanctions) (Amendment) Regulations 2026

    S.I. 2026/983 · Source: legislation.gov.uk

  3. US Import and export controls

    Notice of Action: Brazil's Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation

    FR Doc. 2026-14542 · 91 FR 45516 · Source: federalregister.gov

  4. US Tariff change

    Notice of Determination and Request for Comments Concerning Action Pursuant to Section 301: Brazil's Acts, Policies, and Practices Related to Digital Trade and Electronic Payment Services; Unfair, Preferential Tariffs; Anti-Corruption Enforcement; Intellectual Property Protection; Ethanol Market Access; and Illegal Deforestation

    FR Doc. 2026-11158 · 91 FR 33854 · Source: federalregister.gov

  5. EU Sanctions · Applies from:

    Council Regulation (EU) 2026/759 of 30 March 2026 amending Regulation (EU) No 267/2012 concerning restrictive measures against Iran and repealing Regulation (EU) No 961/2010

    CELEX 32026R0759 · Source: eur-lex.europa.eu

Rule changes →

Subheading 7203.10 is a single line in the UK Global Tariff, where the duty is duty-free.

The EU Combined Nomenclature has one tariff line for subheading 7203.10; the duty is duty-free.

Goods from 156 countries can enter the UK at a preferential rate instead of the standard Free; 156 of them pay no duty at all, for example under DCTS Comprehensive or European Union.

In the UK, additional duty of 35% applies on top of the customs duty to goods from Belarus and Russia.

In the 12 months to August 2026, the UK imported direct reduced iron (DRI) worth £86.2k (up 84% on the year before), at an average of £2.77 per kg; China supplied 37%, followed by Belgium.

World trade in direct reduced iron (DRI) reached US$4.4bn in 2024, down 9.2% on 2023.

Russia was the largest exporter with 19.8% of the total, ahead of Oman.

Questions and answers

What is the HS code for ferrous products obtained by direct reduction of iron ore?

Ferrous products obtained by direct reduction of iron ore fall under HS subheading 7203.10, part of heading 7203, in section XV of the Harmonized System.

What is the import duty on ferrous products obtained by direct reduction of… in the UK?

Under the UK Global Tariff, imports under 7203.10 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

What is the import duty on ferrous products obtained by direct reduction of… in the EU?

Under the EU Combined Nomenclature, imports under 7203.10 from countries without a preferential agreement are free of duty. Preferential rates, anti-dumping duties and VAT are not included.

Which country exports the most ferrous products obtained by direct reduction of…?

Russia, with US$875.4m in 2024 (19.8% of world exports).

Which countries can export direct reduced iron (DRI) to the UK duty-free?

156 countries pay no duty under a trade agreement or preference scheme, among them partners under DCTS Comprehensive, European Union, CARIFORUM. The goods must meet the agreement’s rules of origin and the importer needs proof of origin; otherwise the standard rate of Free applies. Pick a country above to see its rate.

Is there anti-dumping duty on direct reduced iron (DRI)?

The UK charges additional duty of 35% on goods from Belarus and Russia. Lower rates apply to the named exporters listed in the measure.

Where does the UK import direct reduced iron (DRI) from?

In the 12 months to August 2026, the largest suppliers were China (37%), Belgium (22%) and Denmark (14%), out of total imports of £86.2k.

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