From August 1, 2021, China Will Further Adjust Export Tariffs On Certain Steel Products

July 29, 2021 Source: Office of the Customs Tariff Commission of the State Council of China

In order to promote the transformation and upgrading and high-quality development of the steel industry, with the approval of the State Council, the Tariff Commission of the State Council issued an announcement that starting from August 1, 2021, the export tariffs of ferrochrome and high-purity pig iron will be appropriately increased, and 40% and 40% will be implemented after adjustment. 20% export tax rate.