China divided on steel export tax rebate in the face of mounting tax evasion

The chairman of Shousteel brought up the matter of the export tax rebate for high-end steel products China’s annual “Two Sessions,” and market participants had different opinions on whether the rebate would save China’s steel exports. This is especially so as some continue to evade taxes while exporting steel.

China removed the export tax rebate from all steel products in 2021; before that, the rebate was as high as 13%. “Since China's steel export tax rebate was cancelled, the cost...


Jessica Zong

Min Li

Zihuan Pan

March 13, 2023

09:45 GMT