Analysts generally believe that the introduction of this policy, help to boost market confidence, but the real impact of steel prices, limited
The face of the Chinese steel industry, struggling to break-even line, the relevant departments will introduce policies to save the city.
It is said that to help the turnaround of steel prices, the Ministry of Industry are in the pipeline to resume the implementation of the policy of "import substitution" varieties temporary silicon steel and ship steel. The policy, approved by the iron and steel enterprises, will not tax the price of sales to export processing enterprises for processing export products, export processing special steel, and carry out full refund (or Free arrival) 17% VAT.
In this regard, the industry is generally said that if this policy is to restore the entire steel industry has a positive, conducive to the restoration of market confidence. But they also enjoy tax rebate on steel is limited to individual high-end varieties, the industry as a whole.
"How in the end, we are now estimated." Yesterday, Valin Iron & Steel Deputy General Manager Yang said in an interview with the Securities Daily "reporters to the macro. The company is considered to the Ship benefit from "import substitution" policies likely, the last time one of the 33 export processing special steel bar iron and steel enterprises. Yang also said that to the macro, if this is really to re-introduce the policy of "import substitution", the company has become one of the steel enterprises has been approved is certainly no problem.
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