B2B Portal for Technical and Commercial Foundry Management
Languages
Foundry Daily News

China to continue its export tax on steel

Securities Times quoted Ministry of Finance as saying that China will further adjust its import and export taxes since January 1st 2010. . All those duties as most favored nation tariff, provisional export tax, conventional tariff, preferential tariff are involved.

As reported, the average tariff rate will stay at 9.8% after the adjustment. In the meantime, the country will continue its provisional export tax on semi finished steel and some other steel products.

The detailed export taxes are as follows:

1. Billet, 25%
2. HRC, -9%
3. HR plate, -9%
4. Rebar, 15%
5. Wire rod, 15%
6. HDG, -13%
7. CRC, -13%

Youtube Linkedin Xing