Covered by CBAM
Commodity code 7203 and UK CBAM
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 forms.
2 codes under heading 7203 are covered by the UK carbon border tax (CBAM), in the iron and steel sector. Every code under 7203 is covered. HMRC's default values run from 1.149 to 1.467 tCO2e per tonne, so roughly £11.13 to £14.22 tax per tonne, at HMRC's illustrative rate of £9.69 per tCO2e.
| Code | Description | Default value (tCO2e per tonne) | Tax per tonne |
|---|---|---|---|
| 7203 10 00 | Ferrous products obtained by direct reduction of iron ore, in lumps, pellets or similar forms | 1.149 | £11.13 |
| 7203 90 00 | Spongy ferrous products, obtained from molten pig iron by atomisation, iron of a purity of greater than or equal to 99.94%, in lumps, pellets or similar forms | 1.467 | £14.22 |
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