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Global Tariffs, Categorized
🇺🇸 United States
🇦🇹 Austria
📦 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 percent, in lumps, pellets or similar forms
🇺🇸 → 🇦🇹

United States to Austria Trade Analysis for 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 percent, in lumps, pellets or similar forms

Detailed tariff information for 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 percent, in lumps, pellets or similar forms imports

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 percent, in lumps, pellets or similar forms Tariff Rate

HS Code:

0%
Effective 2023-01-01
View general trade relationship between United States and Austria

Trade Volume

Value
Approximately $10 million USD
Year
2022
Trend
Stable with slight increase due to demand in industrial applications

Special Rates

Preferential Rate
0%
Applicable under the EU-US Trade and Technology Council agreements or specific quotas

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
US-Austria Trade Agreement Boosts Ferrous Product Exports
A new bilateral trade agreement between the United States and Austria has reduced tariffs on ferrous products, including those obtained by direct reduction of iron ore (HS Code 7203). This is expected to increase US exports of spongy ferrous products to Austria.
2023-10-15
Impact: Positive impact on US exporters due to lower tariffs and increased market access in Austria.
Austria Increases Demand for High-Purity Iron from US
Austrian steel manufacturers have ramped up orders for high-purity iron (99.94% purity) from US suppliers to meet growing industrial needs, strengthening trade ties under HS Code 7203.
2023-09-22
Impact: Increased demand likely to boost US export volumes and revenue in the short term.
Supply Chain Disruptions Affect US-Austria Ferrous Trade
Global supply chain challenges have delayed shipments of ferrous products in lumps and pellets from the US to Austria, causing temporary trade slowdowns under HS Code 7203.
2023-08-30
Impact: Negative short-term impact on trade flow, with potential for recovery as supply chains stabilize.
Policy Updates
US-Austria Tariff Reduction on Ferrous Products
The US and Austria finalized a tariff reduction policy on ferrous products under HS Code 7203, lowering duties by 15% to encourage bilateral trade and support industrial sectors.
Date: 2023-10-01