Insight
Yet another move to curb Chinese steel production. Will it work?
Report summary
On 28 April, the Chinese government announced a reduction on export tax rebates for certain steel products in an effort to deter exports, reduce steel production and ultimately improve air quality. This is in addition to mandated production cuts announced in March. Neither will work. Steel production will only fall when demand falls. Expect further efforts to temper residential construction next...
Table of contents
- A blunt instrument
- Which tariffs have been changed?
- Export rebate abolition to have no major impact on production
- Dropping the import tax irrelevant to pig iron and scrap
- but does provide upside risk to semi-finished steel imports
- If blunt supply controls and trade incentives won’t work, what is next?
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global metallurgical coal short-term outlook March 2024
Premium hard coking coal prices plummet due to soft demand and increased supply
$5,000
Commodity Market Report
Global iron ore short-term outlook February 2024
Iron ore prices slide on demand concerns and a build-up of inventories
$5,000
Asset Report
Baiyin North West zinc smelter
A detailed analysis of the Baiyin North West zinc smelter.
$2,250
