It is reported that China will accomplish policy adjustment on import and export duty of steel products in March aiming at keeping iron and steel export above 15% of total output and achieving fair trade environment internationally. The new policy will continue to impose 10% to 25% export tax on pig iron, ferroalloy, slab/billet, steel ingot, as well as low value-added products like wire and rebar. On the other hand, China government will encourage export of high-tech and high value-added steel products by enhance according export tax rebate.
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