China will raise its export rebates for 85 steel products from September 15 onward, according to a notice from the country's Ministry of Finance's (MOF) last week.
The steel products affected by the rebate change are mostly those that carry high prices and exported in small volumes. Rebates for regularly traded products, such as hot-rolled coil, will not change. The new rebates for the 85 steel products range from 9% to 16%, compared with 5-13% previously.For instance, the rebate for rail will rise...