CISA: Suggested elimination of China’s 15% export tax on rebar and wire rod receives initial approval

Thursday, 03 August 2017 12:21:12 (GMT+3)   |   Shanghai
       

Suggestions made by the China Iron and Steel Association (CISA) for the elimination of 15 percent export tax on steel bar and wire rod have received initial approval from China’s Ministry of Finance and Ministry of Industry and Information Technology (MIIT), as stated by Liu Zhenjiang, CISA secretary general, at an executive council meeting of the CISA. According to Mr. Liu, some steelmakers with overseas processing facilities have complained of the taxes on rebar and wire rod bought from the Chinese market. Accordingly, the CISA made suggestions to the ministries in question for the adjustment of export taxes on the mentioned products.


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