China Lowers Export Rebate Rate on Steel Products

Yahoo! Asia News

China will lower the export rebate rate on a number of steel products to 11 per cent starting from May 1, 2005, according to a circular issued jointly by the Ministry of Finance and the State Administration of Taxation.

It isn’t clear to me from this announcement what exactly “steel products” means. Is this steel products like steel bar, steel plate, steel coil, or is this steel products like finished goods made from steel, like pliers, hammer heads, springs, clips, etc.

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