China counterattacks the price rise of iron ore an

China counterattacks the rise in the price of iron ore, increases the export tax rate of coke to 40%

China counterattacks the rise in the price of iron ore, increases the export tax rate of coke to 40%

China Construction machinery information

Guide: the Tariff Commission of the State Council issued a notice yesterday and decided to increase the provisional tax rate of coke export from the current 25% to 40% from August 20, with an increase of 60%. Experts believe that the lack of processing capacity, this move is intended to curb the export of high pollution, high energy consumption products, alleviate the tight domestic coke supply situation, and more importantly

the Tariff Commission of the State Council issued a notice yesterday, deciding to raise the provisional export tax rate of coke from the current 25% to 40% from August 20, with an increase of 60%

experts believe that this move is intended to curb the export of high pollution and high energy consumption products, alleviate the tight domestic coke supply situation, and more importantly, counterattack the nearly doubling of international iron ore prices

in the previous iron ore negotiations, Australian iron ore suppliers Rio Tinto and BHP Billiton achieved a 96% increase in the price of iron ore in China, and then announced a 71% increase in the price of iron ore in Europe

iron ore and coke are the necessary raw materials for all steel mills in the world. The three major suppliers of iron crack ore account for about 70% of the global trade of iron ore. if abnormal phenomena are found, China accounts for more than half of the global output and trade of coke

due to the large price difference between the international and domestic markets, China's coke exports increased rapidly in the first few months of this year. According to customs data, China exported 7.44 million tons of coke in the first half of the year, of which 1.66 million tons were exported in May, breaking the single month export record since 2007

China has previously used tax and quota methods to curb exports. This year, the experimental machine is mainly a mechanical experimental machine for testing materials. At the beginning of the year, the official raised the provisional tax rate on coke exports from 15% to 25%. The Ministry of Commerce announced last month that the second batch of coke export quotas for general trade this year was only 2.39 million tons, while the first batch of coke export quotas this year was 9.62 million tons

in July, China's coke exports fell by 15% year-on-year to 830000 tons. The industry predicts that the coke export volume in the second half of the year may be slightly lower than that of the previous year

in recent years, China's coke export policy has been criticized. Developed countries have greatly reduced coke production for their own environmental protection, but China has long exported coke at a low price. The export volume surged from 1.08 million tons in 1991 to 14.5 million tons in 2006, an increase of nearly 14 times

Li Xinchuang, vice president of China Iron and steel Planning Institute, believes that China lacks experience and skills in the import and export of bulk commodities. China imports metals such as oil, iron ore and copper, and the prices rise year by year. But it exports strategic resources such as coke and rare earth, but the cheaper it sells

analysts believe that the 15% increase in coke tariffs this time is far more than the 5% increase previously estimated, which shows that policymakers are determined to reduce coke exports. The reduction in China's exports is expected to lead to an increase in world coke prices