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WEEKLY: China steel export prices rise, rebate talk wanes

ABSTRACT

The pickup in Chinese steel export prices which began after the Chinese New Year holiday in late February continued last week, partly because the issue of a possible cut in export tax rebates on steel remains be clarified. As a consequence, Chinese steel suppliers have adopted different strategies to cope with the policy uncertainties, Mysteel Global understands.
“We have just begun resuming our export business, though we’re still unsure how severe any rebate cuts might be,” an official from a major steel mill in North China’s Hebei province said last Friday. For weeks, rumours have been circulating in the market that the central government would reduce the

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