Tag: China.steel
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Rebate removal hits China rebar exports to Korea in 2022
The cancellation of export tax rebates on nearly 170 steel products by Beijing in 2021 is cited as a major reason why Chinese rebar exports to South Korea halved last year to just under 200,000 tonnes, down from 384,000 in 2021, according to industry reports from Seoul. During 2022, South Korea imported 618,712 tonnes of…