China to cut import tariffs on some recycled copper and aluminium raw materials
Published by
ScrapPrices
Published on December 30,2024 06:00 AM Steel
China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.
China to cut import tariffs on some recycled copper and aluminium raw materials

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

The Ministry of Finance announced adjustments to various import tariff categories, effective Jan. 1, aimed at increasing imports of high-quality products, expanding domestic demand and promoting high-level opening-up, it said in a statement.

Provisional import tariffs below the most-favoured-nation rates will be applied to 935 items, the ministry said. Import tariffs will be reduced on ethane and certain recycled copper and aluminium raw materials to advance green and low-carbon development.

Tariffs will rise on commodities including molasses and sugar-containing pre-mixed powders will increase but be reduced on items such as cyclic olefin polymers, ethylene-vinyl alcohol copolymers and automatic transmissions for special-purpose vehicles such as fire trucks and repair vehicles.

Import tariffs will also be reduced on items such as sodium zirconium cyclosilicate, viral vectors for CAR-T tumour therapy, and nickel-titanium alloy wires for surgical implants.

The China-Maldives Free Trade Agreement will come into effect on Jan. 1, with tariff reduction implementations, the ministry said.

MORE STEEL NEWS
February 21,2025 06:00 AM
The European steel market is currently going through a difficult period. High inventories, limited demand and possible new trade restrictions are weighing on prices and overall market dynamics. Nevertheless, in January 2025, hot rolled coil (HRC) prices in Northwest Europe rose to €580/t and are expected to rise further to €640/t in the second quarter.
February 19,2025 08:00 AM
The much-anticipated boom in scrap trading is yet to materialise simply because steel demand globally is not supportive, according to Tayfun iseri, chairman of Turkey’s Flat Steel Product Exporters, Importers and Manufacturers Association (YISAD).
February 12,2025 06:00 AM
Two US steel companies, Nucor and Gerdau, have announced a $2 per hundred pounds (equivalent to $40 per short ton) price increase for rebar, Kallanish reports, citing official letters from the companies to customers.