China to remove export tax rebates on 146 steel products including rebar and wire rods

China has decided to lift the export tax rebates on 146 kinds of steel products as of May 1, according to an announcement issued on April 28 by the Customs Tariff Commission of China’s State Council. The 146 products include reinforcing bars, wire rods and profiles along with HRC, HR sheet and plate, stainless steel products and some kinds of pipes. The first four digits of the HS codes of the affected steel items are 7205, 7209, 7210, 7212, 7214,... Read More

China raises export tax rebates to 13%

China’s Ministry of Finance (MOF) announced on March 17 that steel’s export tax rebates for more than 1,000 items, will be increased to 13 percent as of March 20, while it is at 9-10 percent for many products at the moment. The increases in export tax rebates of those steel products will lower the export costs and increase exporters competitiveness, which will exert a positive impact on the Chinese steel industry in the future. The effect will... Read More