An official in charge of the China Iron and Steel Association (CISA) Thursday denied in public the news that the export duty of rolled steel will be adjusted from June 1.

  The rumor disturb both normal production and business orders and normal import and export order and it is harmful for the disaster relief and stable economic operation, the official stressed.

  The state's macro control policy on restricting the excessive export of rolled steel has produced remarkable result, said the official, adding that China's export of rolled steel and steel billet continued to drop by a big margin between January and April of this year.

  Customs statistics show that China exported 16.15 million tons of rolled steel, posting a reduction of 5.127 million tons or 24.1 percent year on year; 100,000 tons of steel billets, decreasing 2.554 million tons or 96.2 percent year on year. The export of rolled steel and steel billet amounted to 16.25 million tons, dropping 7.681 million tons or 32.1 percent year on year.

  In the same period, China imported 5.67 million tons of rolled steel, 229,000 tons or 3.89 percent less than a year ago; 65,700 tons of steel billets, 37,200 tons or 36.15 percent less than a year ago. The import of rolled steel and steel billets added up to 5.7357 million tons, down 266,400 tons or 4.4 percent year on year.

  The net exports of rolled steel and steel billets were converted into crude steel of 11.1844 million tons, which was 7.7275 million tons or 40.86 percent less than a year ago.