China to Cut Export Taxes on Steel Billet and Pig Iron from 2016

Dec 10, 2015 15:13

Source:SMM

China announced to cut export taxes on steel billet and pig iron from Jan. 1 2016, the finance ministry said on Wednesday.

SHANGHAI, Dec. 10 (SMM) – China announced to cut export taxes on steel billet and pig iron from Jan. 1 2016, the finance ministry said on Wednesday.

The taxes on steel billet and pig iron will be cut to 20 percent and 10 percent respectively from 1 Jan. 2016, the ministry announced.

"The cut is not expected to significantly affect exports of Chinese steel products, as steel makers will look for ways to export goods at lower costs," SMM steel analyst says.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

steel export

steel prices

China steel trade

China steel import and export

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

China to Cut Export Taxes on Steel Billet and Pig Iron from 2016

SMM Events & Webinars

SMM LME Metals Seminar 2025

Li-ION BATTERY China

APAC (10th) Ni-Cr-Mn Stainless Steel & New Energy Conference 2025