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The Export for Steel being Kept at Higher Level Would be a New Normal
| During the year of 2014, the export amount for steel from China has a explode. Suggested according to the updated figure, from Jan to Nov, about 83 million tons steel products has been exported to abroad.has a growth of 46.79% year on year. The China Steel Association predicts the crude steel’s export quantity will be up to 10% of domestic crude steel’s output. It is reported that the tax rebate policy for steel products containing ‘B’ element will be canceled, which will cover deformed steel bar, line steel, hot rolled steel, steel plate, etc. After this action, it will surely have a influence to the exporting of steels till a short period. At present, the price difference for steel between China and overseas is still large, when canceling the tax rebate policy for ‘B’ steel, the steel mills in China will find a suitable price level for exporting. The price will increase accordingly. TJC Iron& Steel(Group) Co.,Ltd |
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