ANNOUNCEMENT 20 Dec 2018
December 20th, 2018 - The Chinese government published its annual list of licensed ferroalloy exporters.
NUMBER OF INTERVENTIONS
PRC Ministry of Commerce, December 20th, 2018. (商务部公告2018年第98号 公布2019年度符合铁合金出口许可条件的企业名单)
On December 20th, 2018, 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 315 firms - a net increase of 48 firms compared to the previous year. This net increase consists of 72 newly licensed firms and 24 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).