The tariff on China's ferrosilicon exports will be raised to 25% from May 1
China has officially adjusted tariffs on some steel products from May 1, 2021. Among them, pig iron, crude steel, recycled steel raw materials, ferrochrome and other products to implement zero import tariff rate; We will appropriately increase export tariffs on ferrosilica (7492,-30.00,-0.40%), ferrochrome, high purity pig iron and other products. At the same time, the abolition of alloy steel powder, stainless steel wire and other steel products export tax rebates. The export tariff rate of ferro silicon is restored to 25%. According to our knowledge, the FOB price of 72# ferro silicon is around 1425-1445 USD/MT from May 1st, which has also been increased compared with before the festival.
