In the "off the top into" policy, after the approval of the iron and steel enterprises, for not including tax price for export processing enterprises for the production of export products "export processing special steel", a full refund (or exemption) 17% of the value-added tax.

        For bogging down in a loss of iron and steel industry, the relevant departments are brewing of relevant industrial policies to support. People close to the Ministry of industry said, in order to help the iron and steel enterprises, recently the Ministry is brewing "off the top into" policy to implement recovery, and has started to vigorously promote the major steel mills to accelerate the transition from the producer to the integrated service provider.

        Brewing resumed "refund of value-added tax for import substitution"

        It is reported, the Ministry is brewing on the steel industry to begin to implement the "off the top into" policy scheme, variety for silicon steel and steel for shipbuilding. At the same time, the relevant departments are brewing add steel cans items, refinement tool steel, oil pipe, coated plate and other steel products tax. Under the policy, after the approval of the iron and steel enterprises, for not including tax price for export processing enterprises for the production of export products "export processing special steel", a full refund (or exemption) 17% of the value-added tax. For high-end products exports is expected to gain more targeted fiscal support.

        In 1998, the national introduction of steel "off the top into" policy, namely the approved listed steel companies, for not including tax price for export processing enterprises for the production of export products "export processing special steel", the implementation of full back 17% value-added tax (later renamed the exemption). From 1999 to 2001, the State Economic and Trade Commission, the Ministry of finance, the State Administration of Taxation, the General Administration of Customs has issued rules for the operation, this policy will be gradually perfected. In 2005, the policy is cancelled. "Off the top into" in order to further expand the demand for steel, promote the need to import large quantities of domestic products, to encourage the export processing enterprises to use domestic products, by improving supply, so that part of the external demand into the inner demand strategy. For steel, short-term can increase of market demand for high-end products, the long term, is revealing structural adjustment, industrial upgrading trend. Earlier in the 27 metallurgical industry included in the list of top companies, listing Corporation accounted for 7, Wuhan Iron and steel, Benxi Iron and steel, Maanshan Iron and steel, heavy steel, Panzhihua Iron and steel, Handan Iron and steel, Laiwu Steel, Anshan Iron and steel, Valin has become the implementation of "the good enterprise jacking".

        Encourage steel become integrated service provider

        In addition, in order to excavate "the third profits source", the Ministry is strong promotion of upstream and downstream cooperation scheme, based on Baosteel for the demonstration, the major steel mills to increase and downstream customers in the logistics and services in the areas of cooperation, mining sales potential, and vigorously promote the major steel mills to accelerate the transition from the producer to the integrated service provider.

        People close to the Ministry of the Shanghai newspaper revealed, last Friday, Secretary Ministry of industry and raw materials and equipment department meetings, to the upstream and downstream depth Baosteel cooperation system as an example, to the whole industry strong promotion. The first extension to silicon steel as the main demonstration varieties. Previously, the steel industry has been calling for the steel mills to strengthen logistics and distribution and product service, change from the producer to the integrated service providers, but the level of development of the plant is uneven. The Ministry of industry and information technology on the force pushing the "upstream and downstream cooperation", is the hope can in steel smelting business the short term is difficult to have a clear improvement, let the market mechanism to play a role in accelerating force, business transformation and upgrading.