China adjusts export tariffs on certain steel products

World Trade Times  August 3 –The Customs Tariff Commission of the State Council of China issued an announcement to further adjust the export tariffs of certain steel products from August 1, 2021.

According to the news on the official website of the Ministry of Finance of China on the 29th, the announcement stated that “in order to promote the transformation and upgrading and high-quality development of the steel industry, with the approval of the State Council, the Tariff Commission of the State Council issued an announcement that from August 1, 2021, appropriate increases in ferrochrome, The export tariffs for high-purity pig iron will be adjusted to 40% and 20% export tariffs. ”

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