Monday, September 18, 2006

Steel Sector (Overweight)

China cuts export tax rebates on steel - Another relief. China, which is the single largest risk factor for the steel industry has cut tax rebates on exports of steel and some non-ferrous metals w.e.f. 15 September 2006. The latest export tax rebates on 142 steel products ranges from 8-11%, and is the second cut this year after the earlier 2% cut in May 2006.

Full Write-up: OSK Research

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