Steel Export Tax Rebate Rise Up Inside And Outside The Hot
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Hardware Network HC: Steel enterprises and traders had been high hopes Steel Export tax rebate adjustment program, since its publication, is not bullish for the domestic steel industry, while the adjustment of all disputes arising overseas are also beyond the expected.
Adopted by the Ministry of Finance adjusted export tax rebate this time involving 74 tariff of steel products and steel products. Among them, the cold plate, galvanized sheet, tin plate, seamless pipe and other varieties of export tax rebate by 5% to 13%, bike roller chain, steel anchor, table cast iron products such as iron and steel products from 5% export tax rebate increased to 9%.
4 1 G20 summit held the day before in the UK, the European steel industry Union (EUROFER) Director-General GordonMoffat appeal, the European Commission and Member States should make a real commitment to oppose protectionism, directly or indirectly involved trade restrictions and distortions of any measures, regardless of their compliance with WTO rules, should take an independent and transparent operations.
“We have witnessed over the past several months some of our most important trading partner for the global steel orders made explosive restrictive and distorting measures. Which is the most destructive acts such as China and other countries export stimulation policies, aims to export their way out of its domestic steel crisis is not a valid solution to problems such as excess capacity. “GordonMoffat said.
EUROFER countries listed protective measures: to increase import tariffs on steel type (India, Russia, Turkey, Egypt, Indonesia, Vietnam); steel subjected to automatic import license restriction or delay the additional administrative control (India, Malaysia, Thailand) ; mandatory standard certification requirements (India, Indonesia, Malaysia); strengthen specific export incentives for steel products and increase export tax rebates and zero value-added tax (China); “to buy National Steel” clause (the United States, Iran).
GordonMoffat warned, once again, the EU steel market demand growth, will face the current restrictions on the combined these trade pressure will be inevitably lead to large-scale exports to the EU market shift.
With the industry analysis to reporters: “In the past the export market is still good, so little mind of Europe; Today, they own almost starved to death, will be very sensitive.”
To Europe and North America’s largest steel and metal traders – Germany’s Kloeckner & Co, for example, its 2008 sales growth of 8% to 67 million euros, but its release in the March 31 performance statement : Even if the iron and steel production has been substantially reduced, still do not see (demand) signs of improvement, the price of steel and metal products have not yet bottomed out. Expects 2009 results will decline substantially. Has been implemented in the previous layoffs, reduced working hours and reduce inventory, based on all fields will be further reduced costs and operational costs within the company’s debt.
Overseas controversial of these programs at the same time, the domestic industry also has a variety of views on these programs.
Earlier, the Chinese Iron and Steel Association has proposed in the report: the export tax rebate of 5% of the products increased to 17%; for the more serious excess of domestic hot-rolled coil, the export tax rebate increase from zero to 13 %.
4 1st, the North is responsible for import and export business, a vice president of state-owned enterprises on the phone told reporters: “(The adjustment programs) are only some of the products help, but little stimulation.” Before that, he was called for early implementation of tax policy, “the sooner the better.”
China Steel Association of China was not long ago, yet alone the Secretary-General in Shanghai said that the existing export almost exclusively driven by the orders for the third quarter of last year, a new single very small.
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