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The tax on some steel products will be adjusted from May 1. What impact will this adjustment bring?
Adjustment of tariffs on some steel products from May 1 In order to better guarantee the supply of steel resources and promote the high-quality development of the steel industry, the State Council Customs Tariff Commission decided to adjust some steel tariffs from May 1 day. Among them, pig iron, crude steel, recycled steel raw materials, ferrochromium and other products are subject to zero import provisional tax rate; Appropriately increase export tariffs on ferrosilicon, ferrochrome and high-purity pig iron, and implement export tax rates of 25%, 20% and 15% respectively after adjustment. Import tariffs on iron and non-alloy steel, stainless steel and other alloy ingots or other primary shapes and semi-finished products were reduced from 2% to 0. After adjustment, all tax items of 72.06, 72.07, 72. 18 and 72.24 enjoy zero import tariff, which reduces the import cost of steel and semi-finished products.

What impact will this adjustment bring?

The above adjustment measures are conducive to reducing the import cost, expanding the import of steel resources, supporting the reduction of domestic crude steel production, guiding the steel industry to reduce the total energy consumption, and promoting the transformation and upgrading and high-quality development of the steel industry.

Affected by the epidemic, steel prices continue? Heat up?

Global steel prices have been rising continuously since last June 165438+ 10. Platts' 62% iron ore index, which best represents China's product price index, was reported on April 27th 193.65 USD, a record high. Data show that rebar has reached the highest level in 10 years. As of April 28th, the main contract of rebar futures listed in the early stage closed at 5358 yuan/ton, up 28.3% this year.

The reason why iron ore prices hit record highs is closely related to the large demand of steel mills and the high price of crude steel. In the second quarter, steel inventories continued to decline. In addition to the strong demand in China, the global macroeconomic recovery has also boosted the demand for steel outside China, increasing the total steel output and iron ore consumption.

Well, that's all I want to share in this issue. How to treat the adjustment of some steel products tax this time?