Tag: China steel export rebate

China withdraws rebate on steel exports, cuts tax on imports

Apr 28, 2021

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by

Admin Operation

in HRC

Ending weeks of heated global market anticipation, China has finally annulled the 13% value added tax (VAT) rebate on exports of 146 steel products from 1 May ’21 that include hot rolled coil (HRC), wire rod and re-bar as well as cold rolled and galvanized sheets, according to a statement issued by the country’s Ministry…