China holds most ferrous, nonferrous export taxes

China's central government has refrained from imposing new export taxes on steel-related products in its latest adjustment of import and export taxes, Mysteel noted from the announcement of the State Taxation Administration (STA) on December 15.

As a normal practice, Beijing announces import and export tax adjustments around this time every year, with any new taxes becoming effective on January 1 of the coming year. In the STA's announcement, Beijing decided to maintain existing export taxes on 104 items on its list in a variety of