MOFCOM to prohibit steel and aluminum product tolling in an attempt to control exports

China will prohibit tolling businesses from re-exporting steel and aluminum products from January 21 next year in an attempt to control exports of low value added products, the Ministry of Commerce (MOFCOM) announced today.

According to the announcement, the country will ban tolling businesses from importing upstream raw material and re-exporting low value added steel products, including hot-rolled steel plate, hot-rolled wire and bar, steel pipes and hot-rolled stainless steel plates.

The re-export of aluminum profile and aluminum alloy wire by tolling businesses will also come into effect on Jan. 21 next year.

A total of 589 products will be subject to the ban, according to MOFCOM. Other products include chemical products, feather products, shoes, jewelry and glasses.

Tolling is a trade practice where raw materials are imported and then processed into finished products for export. A product with a tolling license enjoys favorable import and export tax r

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.