China to raise export tariffs for some steel products from August 1
China will raise export tariffs for pig iron and ferrochrome products from Aug. 1 to promote high-quality development of the steel sector, the Ministry of Finance said on Thursday.
FILE PHOTO: A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj
BEIJING: China will raise export tariffs for pig iron and ferrochrome products from Aug. 1 to promote high-quality development of the steel sector, the Ministry of Finance said on Thursday.
Export tariffs for high-purity pig iron will be lifted to 20per cent and for ferrochrome will be increased to 40per cent, the ministry said in a statement on its website.
(Reporting by Min Zhang and Shivani Singh; Editing by Edmund Blair)
