NEWSBREAK: China to end 2% import duty on ferrous scrap, reinstate most-favored-nation rates in 2021

China will remove its 2% import tax rate on ferrous scrap and will revive its most-favored-nation (MFN) duty rate system from January 1, according to a notice released by its Ministry of Finance on Wednesday December 23.

This will end the policy of restriction on solid waste imports that has been in place since July 1. Steel scrap listed under the HS codes 72042100...


Jessica Zong

December 23, 2020

10:00 GMT