According to Mr Yao Jian, spokesman of MoC, the export rebate of some steel products is expected to be adjusted within this year.

 

Mr Yao figured that, this round of export rebate adjustment aims to fulfill the task of energy saving and emission reduction as 2010 is the last year of eleventh five year plan. He said that as known to all that China import and export has kept resuming for 7 consecutive months since November 2009. Yet, all those optimistic figures can just reflect the good orders placed before this March and the adverse influence caused by European debt crisis is likely to emerge in the next several months.

 

He added that hence, MoC will pay much close attention to such key export destinations as Germany, Spain and Italy.

 

The rising cost will restrict China steel export and the government is also likely to enlarge import with the picking economy. Under such circumstance, China will still sustain its stable export trade policy in general.

 

Sourced from Internet.