BREAKING NEWS: China cancels steel export tax rebates
After the long wait and market speculation, China's governing bodies have finally announced the list of the steel products that will no longer enjoy any tax rebates when exporting, and the new measure will be applied to "the export date specified in the Customs declaration forms", the joint statement explained briefly.
The 146 products cover carbon, alloy and stainless steel products such as alloy steel powder, hot-rolled, cold-rolled, galvanized, galvalum, and coated carbon steel flats, welded pipes, and hot-rolled, pickled, cold-rolled stainless flats, tubes and pipes, bars and wire rods, steel rails, and angles. the HS codes of the affected steel items start with the four digits including 7205, 7209, 7210, 7212, 7214, 7217, 7219, 7220, 7221, 7222, 7223, 7225, 7226, 7227, 7228, 7229, 7301, 7302, 7303, 7304, 7305,7306 and 7307, Mysteel Global learnt from product list attached to the announcement.
The link to the official announcement in Chinese: http://szs.mof.gov.cn/zhengcefabu/202104/t20210428_3694213.htm
Written by Olivia Zhang, zhangwd@mysteel.com
Edited by Russ McCulloch, russ.mcculloch@mysteel.com
NBS: China industrial firms' Jan-Feb profits rise 10% YoY
Mar 27, 2024 11:35
Prices for rolled steel products rise in Russia
Mar 27, 2024 09:30
Toyota expects to keep output inside Japan high
Mar 26, 2024 14:00
Mysteel Daily Price Express 2024.3.21
Mar 21, 2024 19:16
MONTHLY: Losses of Chinese BF mills ease further in Feb
Mar 14, 2024 12:00