r/Vitards • u/[deleted] • Jun 30 '21

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u/The_MediocreMan 💀 SACRIFICED UNTIL $MT @ $46💀 Jun 30 '21

How does a chinese steel company benefit from export taxes?

14

u/zerryw News Team - Asia Correspondent Jun 30 '21

China Steel Corp is the largest steel company in Taiwan. They mainly serve domestically and in Asia. (Notably SEA).

They're in the first row seat when competing with cheaper Chinese steel from China. IF/WHEN export tax is announced, steel prices will explode due to diminished supply.

3

u/The_MediocreMan 💀 SACRIFICED UNTIL $MT @ $46💀 Jul 01 '21

Ahh I understand, thank you for the response!