China says changes to ferroalloy export tax ‘unlikely’

Aug 13, 2009 | 12:05 PM |

China is unlikely to make any changes to export taxes on ferromolybdenum or ferrotungsten despite weak exports this year, market participants said.

Industry executives have approached the government about reducing export duties on the noble alloys, but have been disappointed with the reaction.

"Personally and privately, I've talked to officials from Chinese Customs and related government departments," Yan Yubao, general manger of Haohua Taxation Consultancy Co., said, "and as far as I understand, China is unlikely to change export taxes for noble alloys (through year-end)."....

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