IREPAS - International Rebar Producers and Exporters Association » rebate

China to remove export tax rebates on 146 steel products including rebar and wire rods

Irepas — Wed, 28 Apr 2021 17:03:25 +0000

China has decided to lift the export tax rebates on 146 kinds of steel products as of May 1, according to an announcement issued on April 28 by the Customs Tariff Commission of China’s State Council.

The 146 products include reinforcing bars, wire rods and profiles along with HRC, HR sheet and plate, stainless steel products and some kinds of pipes. The first four digits of the HS codes of the affected steel items are 7205, 7209, 7210, 7212, 7214, 7217, 7219, 7220, 7221, 7222, 7223, 7225, 7226, 7227, 7228, 7229, 7301, 7302, 7303, 7304, 7305, 7306 and 7307.

The execution time shall be defined by the date of export indicated on the customs declaration form of the export goods.

China raises export tax rebates to 13%

Irepas — Wed, 18 Mar 2020 09:34:20 +0000

China’s Ministry of Finance (MOF) announced on March 17 that steel’s export tax rebates for more than 1,000 items, will be increased to 13 percent as of March 20, while it is at 9-10 percent for many products at the moment.

The increases in export tax rebates of those steel products will lower the export costs and increase exporters competitiveness, which will exert a positive impact on the Chinese steel industry in the future. The effect will be seen in the HRC and wire rod export markets, as current tax rebate is 10 percent for these products.

The steel products, which will enjoy 13 percent tax rebate, include HS customs codes covering from 72052100 to 72299090, including different kinds of stainless steel, steel bars, wire, wire rod, HRC, CRC, HDG, plate and sections.