More than 80 steel products export tariffs on coal to reduce import tariffs

Ministry of Finance recently announced that since June 1, 2007, 142 products will levy export tariff. Experts said that such a large increase in the volume of export tariffs, showing supervision departments to further control high-energy consumption, high pollution and resource products exports, the trade balance for the control determination.
Control of steel products into focus. The focus of the current adjustment is more than 80 steel products further levy of 5% -10% export tariffs, these products include carbon steel wire rod, sheet, profiles and other steel products. Last year, the imposition of export tariffs on steel billet, steel ingot, pig iron and other steel primary products duty from 10% to 15%. the Ministry of Finance said This is the second in April this year to abolish the steel products export tax rebates, Another 70 kinds of other steel products substantially lowering the export rebate, the view of excess production capacity, The rapid growth of exports of steel products to further macro-control measures.
Related Steel Association official told reporters that this is the right steel exports to the further implementation of the macro-control measures, aim is to reduce the current continuous rise in steel exports. The responsible person said that this year's steel exports remained at the level of around 10%, is a more modest increase However, the domestic market can release products quickly pace, 80 various steel products further levy of 5% -10% of export tariffs to control the surge in exports, maintaining a surplus balance.