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BREAKING NEWS: China Cancels Steel Export Tax Rebates
After the long wait and market speculation, China’s governing bodies have finally announced the list of the steel products that will no longer enjoy any tax rebates when exporting, and the new measure will be applied to any Customs declaration forms that are dated on May 1 and afterwards, the joint statement explained briefly.
The 146 products cover carbon, alloy and stainless steel products such as alloy steel powder, hot-rolled, cold-rolled, galvanized, galvalum, and coated carbon steel flats, welded pipes, and hot-rolled, pickled, cold-rolled stainless flats, tubes and pipes, bars and wire rods, steel rails, and angles. the HS codes of the affected steel items start with the four digits including 7205, 7209, 7210, 7212, 7214, 7217, 7219, 7220, 7221, 7222, 7223, 7225, 7226, 7227, 7228, 7229, 7301, 7302, 7303, 7304, 7305,7306 and 7307, Mysteel Global learnt from product list attached to the announcement.
The link to the official announcement in Chinese: http://szs.mof.gov.cn/zhengcefabu/202104/t20210428_3694213.htm
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