Chrome, manganese ore, alloys markets disagree on effect of Chinese VAT cut

China’s intention to cut the rate of value-added tax to 13% has already been credited for an increase in imported ore prices and having a bearish effect on alloys, Fastmarkets heard on Wednesday March 27.

The rate of VAT in the east Asian country applicable to manufacturers will be lowered from April 1 by 3 percentage points, to 13%, with the intention of stimulating China’s...

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Janie Davies

Susan Zou

Karen Ng

Jon Stibbs

Amy Lv

March 27, 2019

20:35 GMT

London, Singapore, Shanghai