News
New China Export Rebate Sure to Fuel the Trade Wars
15/06/2009
The trade wars continue to rage on as China has just offered a new 9 percent VAT rebate for flat-rolled steel products and hot rolled ferro-alloy products starting June 1, according to this article. The tax changes extend beyond steel to include more than 600 items according to this report. These changes were implemented as part of an overall Chinese economic recovery plan.
Plea to roll back anti-dumping duty on stainless steel
12/06/2009
NEW DELHI: Stainless steel importers have sought the intervention of Prime Minister Manmohan Singh for taking steps to immediately roll back the anti-dumping duty on the alloy stating the the tax barrier posed closure threat for thousands of export-oriented units that ship high-grade stainless steel unavailable here.
Dumping costs rise
12/06/2009
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