China adjusts tariffs on steel products Xinhua | Updated: 2021-04-29 14:27 Employees work on the production line of Baoshan Iron and Steel Co Ltd in Shanghai. [Photo/Xinhua]
BEIJING - China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry s upgrading and transformation.
Starting on May 1, China will apply a provisional zero import tax rate on pig iron, crude steel, recycled steel raw materials, and ferrochrome, the Customs Tariff Commission of the State Council said in a circular.
Export tariffs on ferrosilicon, ferrochrome, and high-purity pig iron would be raised to 25 percent, 20 percent, and 15 percent, respectively.
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2021-04-28 09:30:33 GMT2021-04-28 17:30:33(Beijing Time) Xinhua English
BEIJING, April 28 (Xinhua) China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry s upgrading and transformation.
Starting on May 1, China will apply provisional zero import tax rate on pig iron, crude steel, recycled steel raw materials and ferrochrome, according to a circular issued by the Customs Tariff Commission of the State Council.
Export tariffs on ferrosilicon, ferrochrome, high-purity pig iron would be raised to 25 percent, 20 percent and 15 percent, respectively.
The adjustment is aimed at reducing import cost, expanding steel imports, supporting domestic producers to cut crude steel output, guiding the industry to cut energy consumption and pushing industrial upgrading and high-quality development in the sector, according to the circular. Enditem
1st LD-Writethru: China adjusts tariffs on steel products
Xinhua
28 Apr 2021, 21:30 GMT+10
BEIJING, April 28 (Xinhua) China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry s upgrading and transformation. Starting on May 1, China will apply a provisional zero import tax rate on pig iron, crude steel, recycled steel raw materials, and ferrochrome, the Customs Tariff Commission of the State Council said in a circular. Export tariffs on ferrosilicon, ferrochrome, and high-purity pig iron would be raised to 25 percent, 20 percent, and 15 percent, respectively. The adjustment is aimed at reducing import costs, expanding steel imports, supporting domestic producers to cut crude steel output, guiding the industry to cut energy consumption, and pushing industrial upgrading and high-quality development in the sector, according to the circular.
2021-02-26 13:35:49 GMT2021-02-26 21:35:49(Beijing Time) Xinhua English
BEIJING, Feb. 26 (Xinhua) China will continue to exempt certain U.S. goods from additional tariffs until September this year, the Customs Tariff Commission of the State Council said Friday.
The country announced in February last year that 65 items from the United States would be excluded from the second round of tariff countermeasures against the U.S. Section 301 measures, effective from Feb. 28, 2020 to Feb. 27, 2021.
After the extension, the exemption will last until Sept. 16, 2021, the commission said in a statement. Enditem
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