Export tax rebate is about to adjust the steel industry or become a "hit area"

On June 7, an official from the Ministry of Commerce once again confirmed to the author that the central government is studying reducing or canceling the export tax rebates for the "two high and one capital" industries. Among them, some of the plate export tax rebate adjustments are the most intense. The current program under consideration is to consider reducing the export tax rebate for some steel products, or to cancel the 9% tax rebate for hot coil exports, and to reduce export tax rebates for cold coils and coated products from 13%. To 9%.

The author also confirmed the above news from an insider of the China Iron and Steel Association and a person in charge of industrial operations research at the Ministry of Industry and Information Technology.

On May 25, the author made the above message. Qi Xiangdong, executive deputy secretary-general of the China Iron and Steel Association, later told the author that there were indeed adjustments in the sheet, but he suggested keeping the export policy stable under the current situation.

After the government departments researched and lowered the news that some steel export tax rebates were issued, many industry sources called the author and said that the industry is very concerned about the policy trend. At this time, adjusting the export tax rebate will make the export situation that has just turned better.

"It is more sensitive than ever to lower the export tax rebate at this time, because steel exports have just picked up. Once the tax rebate is lowered, we will return to liberation overnight." Another insider who asked the author to verify the news said with a smile.

It is worth noting that the reduction of some of the steel tax rebates during the consultation process was met with the collective opposition of large and medium-sized steel companies, because most of the plate exports were large and medium-sized state-owned steel enterprises.

"It can be said that the current plan to cut export tax rebates has unprecedented resistance. However, under the circumstances that the government is determined to save energy and reduce emissions and eliminate backward production capacity, the possibility of a downward adjustment still exists." The above official stated to the writer.

The above officials also stated that the study on the export tax rebate policy was a result of the research decision of many ministries and commissions. In fact, the central government is promoting the matter; in the short term, Chinese steel companies may be affected, but in the long run, the Chinese steel industry should not Export-oriented.