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Demand for refined copper in China has now surpassed levels seen prior to the Covid-19 pandemic, according to Vancouver, Canada-based Teck Resources.
China’s hot-rolled coil prices fell on Wednesday April 28 after the Ministry of Finance confirmed there would be an export rebate cut, even though inventories continued to drop.
China will remove the export tax rebate for some steel products from May 1, the Ministry of Finance said on Wednesday April 28.
China is planning sweeping changes to its tax regimes for ferrous raw materials from May 1, its Ministry of Finance said on April 27.
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