Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Coal

Chinese steelmakers receive exemptions for US tariffs on coking coal: sources

LNG | Oil | Crude Oil | LPG | Naphtha | Metals | Steel | Raw Materials | Petrochemicals | Aromatics | Olefins | Polymers | Coronavirus

Market Movers Asia, Jul 6-10: Mideast Aug official selling prices in focus; LPG discount to naphtha widens

Coal

Platts Global Coal Alert

Energy | Electric Power | Electric Power Risk

Nodal Trader Conference, 13th Annual

Agriculture | Grains

EU imports 19.52 million mt of corn in 2019-20, down 19% on year

Chinese steelmakers receive exemptions for US tariffs on coking coal: sources

New York — Two Chinese steelmakers, buyers of US coal in the past two weeks, said Wednesday they had received exemptions from the 27.5% tariff imposed on US coking coal by the Chinese government.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

China's Ministry of Finance said February 18 that they would offer tariff exemptions on several US imports, including US-origin metallurgical coal and thermal coal. Applicants could apply for exemptions from March 2.

"This is a policy enacted by the government and I do not think there will be any issues with it," one of the Chinese steelmakers said. Another Chinese steelmaker described the process as near "seamless."

Currently, US coking coal is subjected to a total of 30.5% tariffs and duties. The tariff components include 3% import duty, followed by an imposition of a 25% tariff on July 6, 2018. This was then followed by an additional 5% tariff imposed on September 1, 2019, which has been cut to 2.5% following China's tariff adjustment that took effect February 14.

Both steelmakers purchased US-origin Buchanan coking coal at around $150.90-$153.50/mt CFR China, excluding 3% import duty in the past two weeks. Both steelmakers said the primary purpose of the coal was to reduce their coal blending's ash content. Buchanan has a typical ash content of 5-6% air dried basis.

China imported 64.2 million mt of coking coal in 2018, of which only 3% was from the US, according to Chinese customs statistics. In 2019, total Chinese imports of the US coking coal between January and November were 1.1 million mt, down 43% from the same period recorded for 2018.