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China removes tax rebate on exports of boron-added steel
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Report summary
China’s Ministry of Finance removed the VAT rebate on exports of some boron-added steel products effective 1st January 2015. We had already factored policy changes aimed at curbing finished steel exports into our forecast and continue to expect that finished steel exports from China will drop to 80Mt in 2015 from over 90Mt in 2014.
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