Shanghai Nonferrous Metals News
SMM: China is considering a raft of tariff policies to facilitate decarbonation in the iron and steel making industry. According to sources, the measures under consideration include:
- Reducing export tax rebates of some iron and steel products
- Reducing or canceling import tariffs on some iron and steel products
- Reducing VAT or income tax of domestic iron ore miners
Details of the policy are still under formulation; however, some measures may be introduced as soon as April 2021.