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"Import substitution" policies, approved by the iron and steel enterprises, excluding tax price of sales to export processing enterprises for processing export products processing and export of special steel, and carry out full refund (or Free arrival) 17 % VAT.

Deep losses in the quagmire of the steel industry, the relevant departments are in the pipeline industry policy support. Sources close to the Ministry of Industry, in order to help the turnaround of the iron and steel enterprises, the recent Ministry of Industry are in the pipeline to the recovery of production jacking policy to implement, and has begun to vigorously promote the major steel mills accelerated transition to an integrated service provider from the manufacturer.

Brewing to restore the "import substitution" refund of VAT

It is reported that the Ministry of brewing to the steel industry to re-start the implementation of the program of "import substitution" policies, varieties temporary silicon steel and ship steel. Meanwhile, relevant departments have also brewing added steel cans tariff lines, refine the tariff items of tool steel, oil pipe, coated plate and other steel products.

The policy approved by the iron and steel enterprises, non-tax price sales to export processing enterprises for processing export products for export processing of steel ", the implementation of a full refund (or Free arrival) 17% VAT. The high-end products for export is expected to receive more targeted fiscal and taxation support.

1998, the State introduced the steel production jacking "policy after the iron and steel enterprises approved by the column name does not tax the price of sales to export processing enterprises for processing export products processing and export of special steel and carry out full refund of 17% VAT (later renamed the Free arrival). In 1999-2001, the State Economic and Trade Commission, Ministry of Finance, State Administration of Taxation, General Administration of Customs also has jointly issued rules for the operation of this policy gradually be improved. In 2005, the policy is canceled.

"Import substitution" designed to further expand the demand for steel, the original need to import large quantities of product localization, and to encourage export processing enterprises to use domestic products, by improving the supply, so that part of the external needs into the strategy of internal demand. Steel mills, short-term increase in market demand for high-end products, the long term, to highlight the structural adjustment and industrial upgrading trend.

Previously included in the metallurgical industry 27 into the top list of companies, listed companies accounted for 70% of the Wuhan Iron and Steel, Benxi Iron and Steel, Maanshan Iron & Steel, Chongqing Steel, Panzhihua Iron and Steel, Handan Iron and Steel, Laiwu Steel, Anshan Steel, Valin, etc. has become the implementation of "jacking" a good business.

Encourage steel transfiguration integrated service provider

In addition, in order to tap "the third profit source", the Ministry of Industry is strong promotion of upstream and downstream cooperation program for the demonstration of Baosteel, the major steel mills to increase cooperation in the field of logistics and service with downstream customers to effectively tap the sales potential. promote the major steel mills and accelerate the transition to an integrated service provider from the manufacturer.