After six cuts of export tax rebate, China's adjustment of export rebate on iron and steel products is approaching to an end, said industry experts.

   The experts held that the adjustment of export rebates has not exerted big impact on the iron and steel production.

   China's Ministry of Finance said on June 19 that, starting July 1, the country would cut or eliminate export tax rebates for 2,831 commodities representing 37 percent of the total number of items listed on customs tax regulations. Except oil casing pipe, export rebate on ordinary carbon welded pipe products has been eliminated.

   According to the Ministry of Finance, the 13 percent export rebate rate on such steel products as steel pipe, hollow rolled special section and steel rail has been scrapped.   Except oil casing pipe, export rebate on stainless steel pipe and seamless pipe has been dropped from 13 percent to five percent.

   The present adjustment of export rebates mainly covers steel pipe, which accounts for small part of the total export of steel products of the country, thus giving small impact on the industry.