China may raise wire rod export rebate

Jan 04, 2013 | 10:57 AM | None

Tags  wire rod, China export rebate

SHANGHAI — A rumor that the Chinese government is going to raise the export rebate for boron-containing wire rod began circulating Friday, the country’s first working day of the year.

The Finance Ministry in December added two new harmonized tariff schedule codes for boron-added wire rod and bar products effective Jan. 1.
To the surprise of most market participants, the government not only retained the export rebate for long steel products, but rumors circulated that it may also increase the rebate.....

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