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Dust settles with China’s steel trade taxes releases


Uncertainties loitering in the steel markets in and out of China have finally been settled when Beijing announced all the related foreign trade policies regarding ferrous products including imports and exports taxes and tax rebates with many being very much within market expectation, though stainless steel has been caught the market by surprise, market sources shared on April 29.
On April 28, China’s related governing bodies issued two notices regarding ferrous products imports and exports, effective on May 1, with one listing out 146 iron and steel products that had been removed of export tax rebates from the original 10% or 13%. Some of the products are among China’s


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