The source said the government will soon re-adjust the iron and steel products export policy, but the content is not yet determined the specific adjustments. Most probably, the Customs Tariff of the species involved in the abolition of all export tax rebates,glue stick while alloy long products to levy 15% export tariff.
July steel exports increased this possibility. Data show that China's exports in July rebound to 7.21 million tons of steel, glue gun the chain increased 1.99 million tons, compared with last July, 1.27 million tons, an increase of 21.38%. It hit a record monthly exports of steel.
China Steel Industry Association said earlier that the number of the second half of the task control steel exports are still heavy, the tension at home and abroad greatly help to promote the spread of steel exports. If the trend of export growth continued to expand, do not rule out the countries to take further control measures possible.
It is worth noting, the NDRC said in a recent analysis report of the foreign trade situation in July, warned the current small number of "two high" exports are still increasing. For example, despite the decline in export growth of steel, but the absolute volume of exports is still high. Analysts said that, from all side, adjust the steel export policy is inevitable.
In specific adjustment programs, the TX Investment analyst Wang Zhaohua steel industry that is likely to cancel tax rebate of 5% alloy, and alloy long products to levy 15% export tariff. Because 1-June all the steel alloy steel exports accounted for accounted for 21.74%, higher than the same period in the year 2007 level of 15.32 percent.
Wang Zhaohua said that if the new control policy really as noted above, then the impact magnitude deeper. 63% of its products because of the long involved in timber export rate from -5% to 15% of the adjustment is large. Considering the volume of exports, the corresponding rate adjustment, and the proportion of the total steel products, all of the above policy is equivalent to the actual tax rate increase steel exports 3.05 percentage points.