China will cut its export tax rate on high-purity pig iron to 10 percent from the current 20 percent, effective from January, 2016, said the Ministry of Commerce (MOC) on Wednesday.
Industry insiders note that proportion of high-purity pig iron to China's pig iron output is small. The adjustment will likely be a prelude to the industry export tariff adjustment in the future.
The Ministry of Finance (MOF) also said on Wednesday that it would further adjust export tariffs of pig iron and billet next year.
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