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%
