Announcement on canceling export tax rebates for some steel products

After the long wait and market speculation, China’s governing bodies have finally announced the list of the steel products that will no longer enjoy any tax rebates when exporting, and the new measure will be applied to “the export date specified in the Customs declaration forms”, the joint statement explained briefly.

The 146 products cover carbon, alloy and stainless steel products such as alloy steel powder, hot-rolled, cold-rolled, galvanized, galvalum, and coated carbon steel flats, welded pipes, and hot-rolled, pickled, cold-rolled stainless flats, tubes and pipes, bars and wire rods, steel rails, and angles. the HS codes of the affected steel items start with the four digits including 7205, 7209, 7210, 7212, 7214, 7217, 7219, 7220, 7221, 7222, 7223, 7225, 7226, 7227, 7228, 7229, 7301, 7302, 7303, 7304, 7305,7306 and 7307, Powerson Metal learnt from product list attached to the announcement. The implementation time bases on Customs Declaration Time.

Canceling TAX REBATE STEEL products list:

72104100 Galvanized corrugated sheet;

72107010/72107090 Prepainted Galvanized Steel Coil/Sheet( PPGI PPGL)

721099000 Cold Rolled Coil/Sheet

The link to the official announcement in Chinese: http://szs.mof.gov.cn/zhengcefabu/202104/t20210428_3694213.htm