On April 28, the steel industry ushered in a heavy policy. The Tariff Commission of the State Council has decided to adjust the tariff of some iron and steel products from May 1, 2021. Among them, the temporary duty rate of zero import is applied to pig iron, crude steel, recycled steel raw materials, ferrochrome and other products; The export tariff of ferrosilicon, ferrochrome, high purity pig iron and other products should be appropriately increased. After the adjustment, the export tax rate of 25%, the provisional export tax rate of 20% and the provisional export tax rate of 15% should be implemented respectively.
The above adjustment measures are conducive to reducing the import cost, expanding the import of steel resources, supporting the domestic reduction of crude steel output, guiding the steel industry to reduce the total energy consumption, and promoting the transformation and upgrading and high-quality development of the steel industry.
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