China to crackdown on tax-evaded steel exports ‘sooner or later’ - sources

Crackdowns on tax evasion in the steel export market by the Chinese government will happen “sooner or later,” market sources told Fastmarkets.

Traders and salespeople from Chinese steel mills are expecting the authorities to probe exports of steel products that have intentionally circumvented the 13% value-added tax (VAT) as soon as possible.


Zihuan Pan

February 23, 2023

22:19 GMT