From May 1, 2021, the Chinese government has cancelled export tax rebates for certain steel products. See the attachment for the specific product list. The specific execution time shall be defined by the export date indicated on the export goods declaration form. (This list includes: stainless steel hot rolled, cold rolled, welded pipe, seamless pipe, plate, coil, etc...)
The price of stainless steel in the international market is about to rise sharply.