China is the biggest producer and consumer of ferroalloys, the output has been increased very quickly during past 10 years.In roder tocontrol the expanding of ferroalloys ,Chinese Government imposed high export tax 25-20% to ferroalloys.Mr.Xin renzhou, Vice director of Policy Devision of Industry and Information Ministry of China,said in 11st Ferro-Alloys Intl Conference on May 15, 2014 and and said Chinese Government will not remove the tax due to ferroalloys high consumption of energy and pollution. He knows the problem of smugglaring but this cannot be changed quickly, China already took serious mathod to fight smugallaring and trust that will be changed soon. In fact, Smuglaring from Vietnam or Hongkong recently almost stopped due to strict inspection there. So export from China for fesi will increase in May or after.and Price of FeSi will have room to go up soon.
- [Editor:editer2]
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