China Export Rebate Adjustment on Copper and Boron in 2015


China will remove export rebate tax on boron-containing steel products, which will take effect on 1st Jan. 2015.

The elimination of the export rebate tax will apply to boron-containing bar, wire rod, hot-rolled plate/sheet and hot-rolled narrow strip, which will affect products under HS code 72254091, 72269191, 72279010 and 72283010.

Ministry of Finance of China recently announced a 9% new export rebate for several copper semis and an increase to 17% in export rebate for copper foil. The new policy may push up refined copper demand and make an at least 6% growth in China’s copper demand in 2015.