China to promote qualification standards on steel exporters

China will work out qualification standards on iron and steel export enterprises.

China Iron and Steel Association (CISA) and its member enterprises have put forward concrete proposals and suggestions on improving qualification standards on enterprises engaging in iron and steel exports, export tax items of iron and steel products, and preferential tax policy on import of steel products for processing trade enterprises.

Relevant departments of China are working on the three.

CISA held that drafting of qualification standards on iron and steel export enterprises is good to raising contract implementation capability of export enterprises, and standardizing export order.

It said that the present export tax items of iron and steel products, which was formulated several years ago, is now hardly to keep pace with the development of China's iron and steel industry. It suggested all-round adjustment of the present tariff.

At the same time, CISA also suggested the country to carry out screening of processing trade enterprises using imported steel materials, revoking preferential policy on steel products that can be made domestically.