THE
7203.10.00

Tariff line in 7203.10 — Ferrous products obtained by direct reduction of iron ore

Ferrous products obtained by direct reduction of iron ore

$470MIndia’s exports in FY 2025-26
14countries bought from India
-2%against FY 2024-25 ($480M)
16,30,190tonnes shipped in FY 2025-26

India’s exports, year by year

US$, Indian financial years (April–March). Source: DGCI&S, Ministry of Commerce (Tradestat).

Biggest buyers, FY 2025-26

  1. Nepal
  2. Bangladesh
  3. Bhutan
  4. Armenia
  5. Madagascar
  6. Ethiopia
  7. Tanzania
  8. Georgia
  9. Kenya
  10. Sri Lanka

Ranked by value. Country-by-country figures are not shown.

GST on this code

18%

  • 18% — Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar formsNotification 9/2025-CT(R), Schedule II, entry 262

GST on supply within India, as of 1 May 2026. Exports are zero-rated supplies.