The Essential Guide to Reinforcing Mesh by Tianjin Foccred

2024-11-25

Tianjin Foccred offers high-quality reinforcing mesh designed to strengthen and stabilize concrete structures in various construction projects. Discover its benefits and applications today.

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HRC price in Chinese market continues to rise

2024-11-21

The price of hot-rolled coil (HRC) in the Chinese market continues to rise following the National Development and Reform Commission’s announcement of further market incentives. Supported by a government stimulus package and increasing costs of raw materials like coke, coking coal, and iron ore, HRC prices are on the rise. However, Chinese steel mills face a sluggish export market due to high pricing. Experts predict continued price fluctuations in the short term.

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China’s cancelation of tax rebates leads to surge in aluminum prices

2024-11-19

Following China's announcement of canceling tax rebates on aluminum, global aluminum prices have surged, with LME futures hiking by 8.5%. This move is expected to reduce Chinese aluminum exports and impact global supply chains, affecting industries such as automotive, construction, and packaging. Countries reliant on Chinese aluminum will need to find new suppliers amidst limited production capacity elsewhere.

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Big news! 59 product tax rebates canceled, 229 export tax rebate rates lowered, to be implemented on December 1!

2024-11-18

On November 15, the Ministry of Finance and the State Administration of Taxation announced significant changes to the export tax rebate policy, affecting 59 products by canceling their rebates and lowering rates for 229 others, including solar energy and batteries. This update aims to promote technological innovation, enhance global competitiveness, and foster green, low-carbon industrial development. Effective from December 1, 2024.

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