CMC 4th Quarter
2007
1st Quarter 2008
Asia
New Chinese Export
Taxes
as of January 1, 2008
as of January 1, 2008
Unchanged
VAT
Rebate 5%
SBQ
Alloy Grades
Up
15%
15%
ERW
Tubings
Unchanged
VAT Rebate 13%
API/Seamless
Pipes
Unchanged
10%
Angles/Channels
Unchanged
10%
H-Beams
Unchanged
5%
Plates
> 600mm
Up
10%
15%
HDG
Narrow Strips < 600mm
Unchanged
VAT
Rebate 5%
HDG
Up
10%
15%
CR
Narrow Strips < 600mm
Unchanged
VAT
Rebate 5%
CRC
Up
10%
15%
HR
Narrow Strips < 600mm
Unchanged
5%
HRC
Unchanged
10%
Structural/Profiles/Beams
Up
5%
15%
Rebar
and Wire Rods
Up
10%
25%
Semis
