International Steel Mills
January 4, 2015
China Removes Some Boron-Added Rebates (Impact on Steel Exports to US Negligible)
Written by John Packard
The Chinese central government announced on Wednesday that it would remove the export rebate on certain boron-added steel products effective January 1, 2015. The move was anticipated by our sources in China however the impact of the move may be minimal and short-lived.
Steel Market Update received the following information from one of our steel trading sources in Asia. He explains what products are affected and how the Chinese exporters are dealing with the changes in the system:
