Trade Resources Market View The Export Duties for Manganese Metal and Silicon Metal Are to Be Abolished

The Export Duties for Manganese Metal and Silicon Metal Are to Be Abolished

The export duties for manganese metal (except for manganese briquettes of which durty has been zero) and silicon metal are to be abolished, as has been rumored, effective January 1, 2013. The duties for manganese ore, coke and magnesium metal also will be lifted.

The duties which are to be removed from next year are all "provisional" tariffs, in other words, the items of which export duties will become zero next year were originally all free of export duty, meaning the revision this time was basically to go back to the basics.

No new tax has been mentioned in the announcement such as the rumored "environmental tax "etc but it is still a big concern for the market whether another announcement about some kind of new taxes will follow or not.

There has been no change made so far about the export duties for any of the ferroalloys or molybdenum ore.

Source: http://www.steelguru.com/stainless_steel_news/China_lifts_export_duty_for_Mn_And_Si_metal/296246.html
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China lifts export duty for Mn And Si metal
Topics: Metallurgy