Steel News

We strive to let you one step ahead of the market.

Stainless steel occupies great part in China's new export tax rebate policy

24 Mar 2020 17:31 reported by Juantxo Huang

A A A
The Chinese government published a statement on March 17th, which affirmed the government would provide a more percentage on its export tax rebate policy on some products, of which stainless steel represented a quite high percentage.

Concretely, the percentage of rebates for these products has been lifted from 10% to 13%. The merchandise related to this policy was mainly stainless steel strips, bars, profiles, welded tubes, wires, etc. As per some reliable sources, these products merely represented a percentage of 22.96% in the exports of China, totaling around 873,000 tons.

Obviously, the reason why the Chinese government wanted to raise the percentage of export tax rebate was to enhance its stainless steel products’ competitiveness facing the dilemma of the COVID-19.

Back to Steel News

Related News

Russia's AK Steel halts operation in Mansfield stainless steel plant

  • Stainless steel
  • 6 Apr 2020 15:17

China's stainless steel market to gradually return to normal

  • Stainless steel
  • 6 Apr 2020 13:28

Global stainless crude steel output grows 3% in 2019

  • Stainless steel
  • 6 Apr 2020 13:06

Taiwan’s stainless steel billet & bloom exports decrease in Feb

  • Stainless steel
  • 6 Apr 2020 13:06

Taiwan's Tang Eng plans to cut production by 20% in Apr

  • Stainless steel
  • 2 Apr 2020 13:14

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 1,862.00
  • 1,876.00
  • Aluminum
  • 1,452.00
  • 1,486.00
  • Copper
  • 4,863.50
  • 4,880.50
  • Nickel
  • 11,192.00
  • 11,257.00

Learn more

Coil Exchange Center

  • 2B Coil-May
  • 2,200
  • 2,060
  • NO1 Coil-May
  • 2,170
  • 2,030
  • 2B Coil-May
  • 2,200
  • 2,060
  • NO1 Coil-May
  • 2,170
  • 2,030

Learn more