Export prices for Chinese stainless steel softened in the past week, but exporters plan to raise their offers after China's Ministry of Finance said the 13% export tax rebate for such products would be removed from May 1.
According to a notice released by the ministry late on Wednesday April 28, stainless flat steel products classified under the following Harmonized System codes will no longer be entitled to the rebate: 72191100, 72191210, 72191290, 72191319, 72191329, 72191419, 72191429, 72192100, 72192200, 72192300, 72192410, 72192420, 72192430, 72193100, 72193210, 72193290, 72193310, 72193390, 72193400, 72193500, 72199000, 72201100, 72201200, 72202020, 72202030, 72202040, 72209000.Domestic...