IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2017 | Removal date: 31 Dec 2017

Financial grant

In 2017, the Shangai-listed company BAOSTEEL disclosed in its stock exchange filings the receipt of approximately 808 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (516 million USD).

In China it is a legal requirement that publicly-listed firms report any subsidies received from government bodies. The stated subsidy amounts refer to a given calendar year. It is possible that this firm received other forms of state aid that have not been declared.

The affected products and sectors have been chosen based on the "main products" and CSRC sector classification reported in the financial data of the firm. The subsidy amounts in USD were computed using the year-average exchange rate to the Chinese Yuan. The subsidy amount(s) reported here are the cash equivalents as estimated by the recipient firm.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7205 Granules and powders, of pig iron, spiegeleisen, iron or steel.
720510 Granules
720521 Of alloy steel
720529 Other
7207 Semifinished products of iron or nonalloy steel.
720720 Containing by weight 0.25 % or more of carbon
7224 Other alloy steel in ingots or other primary forms; semifinished products of other alloy steel.
722410 Ingots and other primary forms
412 Products of iron or steel
7208 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, hotrolled, not clad, plated or coated.
720825 Of a thickness of 4.75 mm or more
720826 Of a thickness of 3 mm or more but less than 4.75 mm
720827 Of a thickness of less than 3 mm
720839 Of a thickness of less than 3 mm
720851 Of a thickness exceeding 10 mm
720852 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720853 Of a thickness of 3 mm or more but less than 4.75 mm
720890 Other
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720915 Of a thickness of 3 mm or more
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720918 Of a thickness of less than 0.5 mm
720926 Of a thickness exceeding 1 mm but less than 3 mm
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721012 Of a thickness of less than 0.5 mm
721030 Electrolytically plated or coated with zinc
721049 Other
721050 Plated or coated with chromium oxides or with chromium and chromium oxides
721061 Plated or coated with aluminiumzinc alloys
721069 Other
721070 Painted, varnished or coated with plastics
721090 Other
7211 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, not clad, plated or coated.
721123 Containing by weight less than 0.25 % of carbon
721129 Other
721190 Other
7212 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, clad, plated or coated.
721220 Electrolytically plated or coated with zinc
721230 Otherwise plated or coated with zinc
7213 Bars and rods, hotrolled, in irregularly wound coils, of iron or nonalloy steel.
721320 Other, of freecutting steel
721391 Of circular crosssection measuring less than 14 mm in diameter
721399 Other
7214 Other bars and rods of iron or nonalloy steel, not further worked than forged, hotrolled, hotdrawn or hotextruded, but including those twisted after rolling.
721420 Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling
7215 Other bars and rods of iron or nonalloy steel.
721510 Of freecutting steel, not further worked than coldformed or cold finished
721550 Other, not further worked than coldformed or coldfinished
7216 Angles, shapes and sections of iron or nonalloy steel.
721610 U, I or H sections, not further worked than hotrolled, hotdrawn or extruded, of a height of less than 80 mm
721621 L sections
721631 U sections
721650 Other angles, shapes and sections, not further worked than hot rolled, hotdrawn or extruded
721699 Other
7217 Wire of iron or nonalloy steel.
721710 Not plated or coated, whether or not polished
721720 Plated or coated with zinc
7219 Flatrolled products of stainless steel, of a width of 600 mm or more.
721912 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721921 Of a thickness exceeding 10 mm
721922 Of a thickness of 4.75 mm or more but not exceeding 10 mm
721934 Of a thickness of 0.5 mm or more but not exceeding 1 mm
721935 Of a thickness of less than 0.5 mm
7220 Flatrolled products of stainless steel, of a width of less than 600 mm.
722011 Of a thickness of 4.75 mm or more
722090 Other
7222 Other bars and rods of stainless steel; angles, shapes and sections of stainless steel.
722220 Bars and rods, not further worked than coldformed or coldfinished
7223 Wire of stainless steel.
722300 Wire of stainless steel.
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722511 Grainoriented
722519 Other
722530 Other, not further worked than hotrolled, in coils
722540 Other, not further worked than hotrolled, not in coils
722550 Other, not further worked than coldrolled (coldreduced)
722591 Electrolytically plated or coated with zinc
722592 Otherwise plated or coated with zinc
722599 Other
7226 Flatrolled products of other alloy steel, of a width of less than 600 mm.
722620 Of high speed steel
722692 Not further worked than coldrolled (coldreduced)
722699 Other
7227 Bars and rods, hotrolled, in irregularly wound coils, of other alloy steel.
722710 Of high speed steel
722720 Of silicomanganese steel
722790 Other
7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.
722810 Bars and rods, of high speed steel
722850 Other bars and rods, not further worked than coldformed or cold finished
722860 Other bars and rods
722870 Angles, shapes and sections
7229 Wire of other alloy steel.
722920 Of silicomanganese steel
722990 Other
7304 Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel.
730411 Of stainless steel
730419 Other
730423 Other drill pipe
730424 Other, of stainless steel
730429 Other
730431 Colddrawn or coldrolled (coldreduced)
730439 Other
730441 Colddrawn or coldrolled (coldreduced)
730449 Other
730451 Colddrawn or coldrolled (coldreduced)
730459 Other
730490 Other
7305 Other tubes and pipes (for example, welded, riveted or similarly closed), having circular crosssections, the external diameter of which exceeds 406.4 mm, of iron or steel.
730519 Other
730520 Casing of a kind used in drilling for oil or gas
7306 Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel.
730611 Welded, of stainless steel
730629 Other
730630 Other, welded, of circular crosssection, of iron or nonalloy steel
730640 Other, welded, of circular crosssection, of stainless steel
730650 Other, welded, of circular crosssection, of other alloy steel
730661 Of square or rectangular crosssection
730669 Of other noncircular crosssection
730690 Other
7307 Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel.
730719 Other
730722 Threaded elbows, bends and sleeves
730729 Other
730791 Flanges
730799 Other
415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7407 Copper bars, rods and profiles.
740729 Other
7409 Copper plates, sheets and strip, of a thickness exceeding 0.15 mm.
740990 Of other copper alloys
7411 Copper tubes and pipes.
741110 Of refined copper
7505 Nickel bars, rods, profiles and wire.
750512 Of nickel alloys
416 Other non-ferrous metals, cerments & articles thereos
8108 Titanium and articles thereof, including waste and scrap.
810890 Other

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