Cisa denies Jan. 1 steel export tax rate hike

Dec 03, 2007 | 09:56 AM | Hongmei Li

After weeks of speculation, Qi Xiangdong, vice secretary of the China Iron and Steel Association (Cisa), has refuted reports that the country's finance ministry has decided to increase steel export tax rates effective Jan. 1.

Previously, several local media reports quoted Wang Wei, head of the finance ministry's tariff department, as telling a steel conference in Shanghai that export taxes would be raised.

"This is fact-twisting by the media. I chaired that particular session when Wang delivered his speech and he did not mention anything about the steel export tax at all," Qi said Monday. "I said that the authorities, including the National Development and Reform Commission (NDRC), would listen to voices from all sources—not only the ministries, but also the steel industry association and the steel mills—before....

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