|
China will exempt import tariffs
on some iron and steel products for a period starting on Saturday,
including pig iron, crude steel, recycled iron-steel materials, and
ferrochrome, according to a statement issued by the Customs Tariff
Commission of the State Council on Wednesday.
Tariffs on exports of products
such as ferrosilicon, ferrochromium, and high-purity pig iron will be
raised temporarily to a rate of 25 percent, 20 percent, and 15 percent,
respectively.
The commission said in the
statement that the move is expected to reduce import costs, expand steel
imports' resources, support domestic steel output reduction, curb steel
industry energy consumption, and promote the transformation and upgrade
of the steel industry and its high-quality development.
China Steel Products Import Tariff Adjustment
|
No. |
H.S. Code |
Commodity |
Current (%) |
After 1 May, 2021 (%) |
|
MFNT* |
Temporary Import Tariff |
MFNT* |
Temporary Import Tariff % |
|
1 |
72011000 |
Non-alloy pig iron containing by weight 0.5% or less of
phosphorus |
1 |
|
1 |
0 |
|
2 |
72012000 |
Non-alloy pig iron containing by weight more than 0.5% of
phosphorus |
1 |
|
1 |
0 |
|
3 |
72015000 |
Alloy
pig iron,
Spiegeleisen |
1 |
|
1 |
0 |
|
4 |
72024900 |
Ferro-chromium containing by weight not more than 4% of carbon |
2 |
1 |
2 |
0 |
|
5 |
72031000 |
Ferrous products obtained by direct reduction of iron ore
|
2 |
|
2 |
0 |
|
6 |
72039000 |
Other
spongy ferrous products or iron having a minimum purity by
weight of 99.94%, in lumps, pellets or similar forms |
2 |
|
2 |
0 |
|
7 |
72041000 |
Recycling iron-steel material in accordance with the GB/T 39733
National Standard |
2 |
|
2 |
0 |
|
8 |
72044100 |
Recycling iron-steel material in accordance with the GB/T 39733
National Standard |
2 |
|
2 |
0 |
|
9 |
72061000 |
Iron
and non-alloy steel in ingots |
2 |
|
2 |
0 |
|
10 |
72069000 |
Other
primary forms Iron and non-alloy steel |
2 |
|
2 |
0 |
|
11 |
72071100 |
Semi-finished products of iron or non-alloy steel, of
rectangular(including square)cross-section, the width measuring
less than twice the thickness(containing by weight less than
0.25% of carbon) |
2 |
|
2 |
0 |
|
12 |
72071200 |
Other
semi-finished products of iron or non-alloy steel, of
rectangular (other than square) cross-section, (containing by
weight less than 0.25% of carbon) |
2 |
|
2 |
0 |
|
13 |
72071900 |
Other
carbon content less than 0.25% of the billet |
2 |
|
2 |
0 |
|
14 |
72072000 |
Carbon
content of not less than 0.25% of the billet |
2 |
|
2 |
0 |
|
15 |
72181000 |
Stainless steel ingots and other primary forms |
2 |
|
2 |
0 |
|
16 |
72189100 |
Semi-finished stainless steel rectangular cross-section |
2 |
|
2 |
0 |
|
17 |
72189900 |
Other
stainless steel semi-finished products |
2 |
|
2 |
0 |
|
18 |
72241000 |
Other
alloy ingots and other primary forms |
2 |
|
2 |
0 |
|
19 |
72249010 |
Raw
casting forging stocks, individual piece weight>=10tons |
2 |
|
2 |
0 |
|
20 |
72249090 |
Semi-finished products of other alloy steel |
2 |
|
2 |
0 |
* Most-Favored-Nation Tariff
Related News:
China
Steel Export Rebate (Effective from May 1, 2021)
China
Cancels Export Rebate on Steel Products
China
Steel Products Export Tariff Adjustment |
(To contact the reporter on this story: cody.wang@steelhome.cn or 86-555-2238837 18725550282) |
