Chinese chrome participants downplay likelihood of FeCr import tax

There has been much debate on how China, the world’s largest chrome ore and ferro-chrome importer, will react to a possible export tax on South African chrome ore, despite a lack of clarity over the tax rate and its starting date.

The South African government announced the proposed tax on October 22, saying that it was intended to support domestic ferro-chrome production and the chrome value chain.
Some participants in the market believe that the implementation of the proposed export tax could prompt China to impose its own tax on imports of the African nation’s ferro-chrome.

“It is hard to predict exactly how China will react but some of the [possible] reactions could be increased subsidies to support the [domestic] ferro-chrome...

Published

Siyi Liu

November 19, 2020

10:10 GMT

Shanghai