China reinstates import tax on coal

China will impose a 3% import tax on coking coal and anthracite from October 15, a move seen by many as a bid to protect its domestic prices.


According to the announcement posted on the website of the finance ministry on Thursday October 9, a 6% tax will be imposed on all bituminous coal apart from coking coal. Some types of pulverized coal injection (PCI) coal will fall under this category, while others will be considered as coking coal under the Chinese definition, market sources told Steel First. A 5-6% import tax will also be imposed on some thermal coal. China abolished import taxes for all types of coal in 2008. Materials from member countries of the Assn of Southeast Asian Nations (ASEAN) are exempt from these duties, however, due to China’s free trade agreement with the regional bloc. The import tax is expected...

Published

Daisy Tseng

October 09, 2014

11:00 GMT

Singapore