China Adjusts Import and Export Tariffs on Steel Products
04 May 2021
The Customs Tariff Commission of the State Council announced on 27 April that a provisional zero import tax rate will be applied to 20 products under 20 HS codes, including pig iron, crude steel, recycled steel raw materials and ferrochrome, starting from 1 May 2021 (Announcement No. 4 ). Products under five HS codes, including ferrosilicon, ferrochrome and high-purity pig iron, will be subject to an export tax rate of 25%, a provisional export tax rate of 20% and a provisional export tax rate of 15% respectively.
Source: Ministry of Finance
- Raw Materials
- Mainland China