Stainless Espresso: Chinese steel prices to rise by $250 per ton
Following the cuts in tax rebates for Chinese steel exports, which came as a surprise to many market participants, steel and raw material prices are continuing to rise. Chinese steel prices are expected to increase by up to $250 per ton. New price increases of up to...
Stainless Espresso: Offer stops in Asia
China cuts tax rebates on 146 steel products and much of the Asian market stops offers. Base metals continue their rally today. And as a bonus, you can now download all HS Codes affected by the tax rebate cuts. Offer stops for steel and steel products in Asia The...
Stainless Espresso: China removes VAT rebate on steel exports
According to media reports, China has removed VAT rebates on steel exports. In return, taxes on raw material imports have been set at zero. The 13% VAT rebate on exports of hot-rolled coil, wire rod and rebar will no longer apply from May, according to a statement on...