China removes VAT rebate on steel exports, cuts tax on raw material imports to zero.

This is very good for global steel price bcos this will encourage China to import more from overseas and export/dump less to other countries.

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/042821-china-removes-vat-rebate-on-steel-exports-cuts-tax-on-raw-material-imports-to-zero

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