You will notice this article is from 2008 and has the “Chinese” cleaning up the Boron - Safety concerns of their weld-weak shit.
Not surprisingly these alloy concerns were not allayed throughout Obama’s 8 years as they continue dumping the same shit and then, incredibly, told the world market that they were rescinding the export tax rebate.
Oh, but the butt-hurt Libs and Sell-out Pubs want to cry for Beijing. How fucking outlandishly quaint is that?
https://www.steelbb.com/de/?PageID=157&article_id=50101
But, but, they said they were changing and we sure were hoping (2008)
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“China is trying to close the ‘loophole’ that has allowed large quantities of boron-bearing steel to be exported classed as ‘special steel’ and thus avoiding export duties, Steel Business Briefing understands.
By adding a tiny amount of boron to their steel, mills actually benefit from a 5% export rebate for alloy steel, as against a 10-15% export duty on longs and 5% on HRC and plates.
Among the measures recently adopted are more rigorous sampling and testing by Chinese port authorities to determine whether boron has been added in the course of producing a legitimate type of special steel, or whether the mill has added the boron to skirt the export duty and snare a rebate.
Industry insiders tell SBB that more Chinese mills and traders have become aware of the risk of adding boron to get the rebate, and thus have become cautious. They cite this as a major reason why China’s finished steel exports dropped in June to 5.22m tonnes from 5.56m t in May.
Two major Chinese mills have had export shipments blocked in the past two months when port authorities determined that the boron in their steel was insufficient for meet the standard as alloy steel. Large quantities of rebar, wire rod and plates were involved.
SBB understands the mills in question agreed to pay the appropriate export duty and a fine, estimated in one cases at RMB 2-3m ($290,000-435,000).
The progress of legitimate special steel exports through Chinese ports has been slowed by the tougher testing and sampling regime. SBB also learns that specialty mills are dividing up consignments – shipping, say, five 4,000t lots rather than one 20,000t – so should one lot be challenged and held up, the other parcels might get through.