Following the adjustment of tariffs on some steel products and the cancellation of export tax rebates on May 1, 2021, the Ministry of Finance and the State Administration of Taxation have jointly issued the "Announcement on the Cancellation of Export Tax Rebates for Steel Products" (hereinafter referred to as the "Announcement"). The announcement stated that starting August 1, 2021, export tax rebates for some steel products will be canceled. The specific execution time shall be defined by the export date indicated on the export goods declaration form.
In addition, starting from August 1, 2021, the export tariffs of ferrochrome and high-purity pig iron will be appropriately increased, and the export tax rates of 40% and 20% will be implemented after adjustments.
Although China successively introduced restrictions on steel in May and August, the iron products in power fittings are basically unaffected, including shackle, ball eye, socket, stay rod, etc. In addition, processed (punched, bent) cross arm, brace and other products will not be affected. However, unprocessed channel steel, angle steel, and flat steel (for example, 6-meter-long angle steel, which has only undergone hot-dip galvanizing and no other processing) is affected by this policy. The export tax rebate has been abolished, and export prices are expected to increase by more than 10%.
Affected by the price increase of aluminum materials, the material prices of transmission and distribution lines have risen significantly. Among them, ACSR, AAC and other wires and some line fittings such as suspension clamp, tension clamp, PG clamp, preformed dead end, armor rod and other aluminum products All have different degrees of price growth. It is recommended that you place an order as soon as possible to reduce losses. For inquiries, please contact: info@trigoldpower.com