Cancellation of export tax rebates for certain steel products

When Chinese government Announcement on the cancellation of export tax rebates for certain steel products?

Announcement No. 16 of 2021 of the Ministry of Finance and the State Administration of Taxation

The announcement regarding the cancellation of export tax rebates for some steel products is as follows:

From May 1, 2021, the export tax rebate for some steel products will be cancelled. See the attachment for the specific product list. The specific execution time shall be defined by the export date indicated on the export goods declaration form.

Special announcement.

Attachment: List of steel products for which export tax rebates have been cancelled

Ministry of Finance and State Administration of Taxation

April 26, 2021

Why Chinese government Announcement on the cancellation of export tax rebates for certain steel products?

The cancellation of export tax rebates for certain steel products was announced by the Chinese government on August 16, 2021. The policy change took effect on May 1, 2021, and applies to 146 steel products, including some flat-rolled steel, high-purity pig iron, and ferrochrome. The goal of this policy change is to promote the sustainable development of the steel industry and optimize the allocation of resources.