China to scrap ferronickel, ferrochrome import taxes from Jan 1

Posted on December 17, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Singapore (Platts)–17Dec2014/345 am EST/845 GMT

China plans to scrap import taxes on ferronickel and ferrochrome containing more than 4% carbon, starting January 1, 2015, according to a notice dated December 12, on the Chinese finance ministry website. Import tax on both products are currently at 1%. Market observers expect China’s import of ferronickel to increase with the scrapping of the import tax.