SHANGHAI China has ended
its export quota on coking coal following the removal of the
countrys export tax on the material in mid-December.
Effective this month, coke
exports are no longer restricted by quota but are administrated
by export licenses, according to the Ministry of Commerce and
the General Administration of Customs.
"It is very easy to apply for
the export license, as one just has to register at Customs," a
source at a trading company in Dalian told AMM sister
publication Steel First. "Now that the restrictions on
exports are completely removed, we are looking at possible
opportunities to export coke."
The export quota became
meaningless when China started to levy a 40-percent export tax
on coke in late 2008 as Chinas coke exports after that
were much lower than the quota. But last month, China quietly
removed coke from its table of export taxes for 2013 (
amm.com, Dec. 17), a move believed to be a
response to World Trade Organization rulings against Beijing
over alleged restrictions on the export of raw materials.
The export quota for 2012 was 8.48 million tonnes, but
exports in the first 11 months amounted to only 960,000 tonnes,
indicating an annual total of about 1.05 million tonnes.
A version of this article was first
published by AMM sister publication Steel