China cuts import tariffs on nickel and zinc scrap


The Chinese Ministry of Finance has announced that it is to cut the import tariff on scrap nickel and zinc.

From 1 July, the tariff on both of these metals will be 1 per cent compared to 1.5 per cent previously.

In a statement in which it announced that 33 commodities would have their tariffs reduced, the Ministry of Finance said: “The move is to expand energy and raw materials imports and exports and improve the foreign trade balance.”

Import tariffs on diesel, jet fuel, textiles and refined metals have also been reduced.