ANNOUNCEMENT 26 Dec 2017
December 26th, 2017 - The Chinese government published its annual list of licensed ferroalloy exporters.
NUMBER OF INTERVENTIONS
PRC Ministry of Commerce, December 26th, 2017. (商务部公告2017年第91号 公布2018年度符合铁合金出口许可条件的企业名单)
On December 26th, 2017, the Chinese Ministry of Commerce published the annual list of firms licensed to export raw alloys of iron abroad for the following year.
This iteration licensed 267 firms - 15 more than the previous year. This included 32 newly licensed firms, and 17 firms who did not have their licence renewed from the previous year.
As information of the sizes of firms mentioned is unavailable, this intervention is classified as amber.
Exporters are divided into two categories: Type A and Type B.
Type A exporters must be larger, with a minimum capital of CNY 20m (approx. USD 3m) and be involved in exporting general alloys of iron (HS tariff lines under code 7202).
Type B firms' capital requirement is less, at CNY 5m (approx. USD 750,000), and is reserved for firms that focus on alloys of iron with silicon, chrome, manganese, nickel, molybdenum, tungsten, titanium, vanadium and neodymium. Please see original documents for full information on this (specific HS codes: 72022900, 72024100, 72024900, 72025000, 72026000, 72027000, 72028010, 72028020, 72029100, 72029210, 72029290, 72029300, 72029911, 72029912, 72029919, 72029991 and 72029999).