It is not clear whether to increase the export tax rebate rate for steel products

There is market information that the country will increase the export tax rebate rate. The people in the steel and iron and steel industry said that the country does not encourage the export of steel products. Whether or not to adjust export tax rebates will be further considered by the government according to the development of the situation. However, the situation of China's steel exports is currently not optimistic.

At the 8th China International Conference on Iron and Steel Materials held on October 23, Liang Shuhe, deputy director of the Department of Foreign Trade of the Ministry of Commerce, and Shan Shanghua, secretary general of the China Iron and Steel Association, said that they are unaware of adjusting export rebates for steel products. The specific situation of the program. Shan Shanghua told the World Financial News that the export of steel products belongs to the 'two high and one capital' product. It was originally not an export product encouraged by the state, and the Chinese steel industry could not be a world processing factory. The export of low-end steel products was reduced. The advantages of the steel industry outweigh the disadvantages.

When steel exports hit a record high in a single month in July 2008, rumors that steel export tariffs may be further raised to curb excessive steel exports are widespread in the industry. It is reported that Qi Xiangdong, deputy secretary-general of the China Iron and Steel Association, disclosed on October 22 that because the situation of China's steel exports in October was not optimistic, the government’s policy-making departments would consider raising steel export tax rebates appropriately. The scope of adjustment is mainly high value-added steel products, and the specific plan is under study.

The response of many steel mills in the near future was affected by the global financial crisis. Orders in Europe and the United States in October disappeared in an instant. Mr. Ren Hao, General Manager and Director of Shandong Iron and Steel Group Co., Ltd. also stated at the meeting that the Group’s steel export orders have recently dropped significantly, especially the traditional European and American markets. At the previous meeting of the Steel Association, Luo Bingsheng, deputy secretary-general of the China Iron and Steel Association, also stated that for the Chinese steel industry, the most important impact at present is a sharp drop in orders for export of steel products. In particular, the export contracts in the fourth quarter have been significantly reduced. . There are reasons why the global financial crisis has weakened the demand in the international market. There are also foreign companies taking a wait-and-see attitude. Judging from the development trend, in the fourth quarter of 2008 or even the first quarter of 2009, the export of Chinese steel products will obviously decline.

Analysts believe that steel exports will bear the brunt of the global economic downturn, but for China's steel industry, which relies too much on imported iron ore and its export product structure is too low, the export tax rebates for high-end products will help steel companies optimize their product mix. And for the overall steel exports, the decline in exports will be inevitable.

According to statistics from the Bureau of Statistics, domestic steel exports from January to September 2008 were 48.5 million tons, a year-on-year decrease of 1.03 million tons, a decrease of 2.1%; and exports of 1.13 million tons of steel billets were down 4.83 million tons year-on-year, down 81.04%. According to the analysis report of China Iron and Steel Association, in the period of January-August, the export of steel was 41.775 million tons, the export coated plate was 1.5462 million tons, which accounted for 65.52% of the total domestic production in the same period; the export of large-scale profiles was 2.248 million tons, accounting for the total production volume. 33%; exports of 3.5446 million tons of seamless steel tubes, accounting for 27.39% of total production; exports of 2.4571 million tons of plated steel, accounting for 19.92% of total production; exports of 4.227 million tons of plate, accounting for 17.28% of total production; The export volume of rolled thin strips reached 2,184,200 tons, accounting for 13.49% of the total production volume.