SteelMint

Tag: China HRC export offers

  • Rebate cut would slash China HRC exports by 30%

    Rebate cut would slash China HRC exports by 30%

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    by

    Admin Operation
    in

    Concerns that China’s central government may roll back the increase in export tax rebates on steel introduced last March are being voiced particularly strongly by exporters of hot-rolled coils (HRC). According to a new study by Mysteel, Beijing’s reinstatement of the 9% rebate – compared with the present 13% level – could result in Chinese…