According to customs statistics, the steel industry has exported 26 million 940 thousand tons of steel in the first half of this year, down 20.2% from the same period last year.

Although the price difference between domestic and foreign steel is widening, it helps to increase exports.

However, as a highly polluting and energy intensive industry, exports are not encouraged by the government. In addition, coke price spreads continue to expand at home and abroad recently, which means that the extent of China's energy subsidies through the export of steel is expanding.

Therefore, it is estimated that the export tax rebate adjustment of the steel industry, if any, is only fine-tuning, and has little impact on the large iron and steel industry.

The total profit growth rate of non-ferrous metals mining, smelting and calendering processing industry in the first 5 months of this year was 2.33% and 3.94% respectively, which was 63.17 and 25.85 percentage points compared with the same period last year.

The number of listed companies that have released interim results has increased by 9 in advance, 1 in advance, 4 in advance, 4 in advance, and the proportion of reported companies has reached 44.44%.

Judging from the past non-ferrous metal export tax rebate adjustment situation, the state obviously does not support the export of non-ferrous metal semi-finished products, primary products and general products, and gradually reduces the export tax rebates of medium grade non-ferrous metal processing products.

I believe that even if we adjust the export tax rebate, we will continue to maintain the continuity of the policy.

The stock price of the vast majority of the stock of nonferrous metals and iron and steel industry has no obvious signs of stabilization yet, even if the export tax rebate fine-tuning is useless.