Tariff cancel for rebar since Jan 1st, 2018

According to news from Chinese Ministry of Finance, China will cancel exports tariff for rebar since Jan 1st, 2018. This is a great news for steel pipe industry.

Per current Chinese raw material price trend, cancel export tariff for rebar won’t cause huge growth of steel products exports in a short time. But as rebar need 15% export tariff before 2018, now cancel rebar’s exports tariff can expand rebar’s market home and abroad.

To promote “ One Belt One Road” policy and the development of Free Trade Area, China will carry out treaty preferential treatments to some countries. Among them, in 2018, China begin a free trade agreement with Georgia. And decrease tariff of exporting to the Association of Southeast Asian Nations, Pakistan, Korea, Iceland, Switzerland, Costa Rica, Peru, Australia, New Zealand free trade agreement. Stick to tariff reduce agreement among China, Singapore and Chile.


As now the tariff cancel policy has been put into practice, Xinyue can provide one-stop rebar service to you.

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