In view of the strong steel exports, the Chinese government is reportedly considering cutting its current 11% export value-added tax rebate for all steel products to 5%, effective June 1.

• 鉴于钢出口额的提高，中国政府正考虑消减所有钢产品11%25的出口退税，将退税率降低到5%25，六月一日其生效。