December 31, the Ministry of Finance and the State Administration of Taxation jointly issued a notice, announced that from January 1, 2015, the adjustment of export tax rebate rate products, which explicitly proposed to abolish the boron steel export tax rebates. Although the elimination of export tax rebate policy has long been known to market expectations, but the "boron steel" unspoken rules are broken, the export volume of more than 40% of steel will be affected, in the short term it will still result in relatively large impac for the steel market, market mentality will be severely affected, outlook bearish sentiment enriched. But long term, abolish boron steel export tax rebates to encourage high value-added steel finished to go out and improve the international image, it is quite beneficial to the development of the domestic steel market.

Comprehensive look at the top, although has entered into the New Year, but the dilemma faced by the steel market in the short term is still more. Raw materials continue to fall, resulting in weakened market cost of support; and the current steel production enthusiasm has failed to reduce production is still increasing, the market supply pressure; coupled with the overall economic situation is not how the domestic ideal, steel demand difficult to change, the off-season under the effect of increasingly sluggish showing the situation; therefore, in the case of strong demand for steel market as a whole is weak, the January price or just continue down the main.

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