SPOTLIGHT: China may cut ferro-alloys export tariffs in 2013

Speculation is mounting that China will cut export taxes on ferro-alloys in 2013, not only to support local producers but also in response to a ruling that the tariffs broke World Trade Organization rules.

“In order to advance the growth of economy and the industry, the tariffs [on some products] may be adjusted moderately,” Feng Jinping, deputy director of the department of customs at the ministry of finance said at a recent ferro-alloys industry conference. China revises customs duties on some products each year on January 1, but Feng did not confirm details of the possible tax adjustment, which he said would be announced “soon”. A reduction in ferro-alloys export taxes would be a reversal of policy announced five years ago, which the government said was aimed at limiting overexpansion...

Published

Rena Gu

December 13, 2012

11:18 GMT

Shanghai