Global online news: Industry and Information Minister Li Yizhong on December 12 in the morning of the State Council Information Office held a press conference that the increase is considering some of the iron and steel products export tax rebate rate.

Iron and steel industry is affected by the global financial turmoil of the most important one of the industry. China's iron and steel enterprises are faced with high raw material prices, product prices have fallen substantially and the dual dilemma. Iron and steel industry across the board losses, the situation is fairly severe.

Li said in a letter the Department of Public Works is working with related departments in the high-energy limit the export of low-grade steel products at the same time, encourage a number of high-end exports, the export tax rebate rate will increase a few percentage points. At the same time to support the technological transformation of the steel industry, may be used next year in the discount interest of 150 billion yuan, will focus on the steel industry.