On April 28, 2021, the Ministry of Finance and the State Administration of Taxation of China issued an announcement that from May 1, 2021, the export tax rebate for some steel products will be cancelled, involving a total of 146 commodity codes.
At the same time, the Tariff Commission of the State Council recently issued an announcement that from May 1, 2021, tariffs on certain steel products will be adjusted, and export tariffs on ferrosilicon, ferrochromium, high-purity pig iron and other products will be appropriately increased. 25 % Export tax rate, 20% temporary export tax rate, 15% temporary export tax rate.