Rate of export of China's tungsten steel blade showed good growth trend, 2012 China tool export $8 billion, the Ministry of finance, taxation to support export, develop improved tungsten steel blade export tax rebate rate.

With the approval of the State Council, Ministry of finance, the State Administration of Taxation issued the notice on improving part of the export tax rebate rate, the appropriate part of the labor-intensive and high-tech content, high added value of the implementation of the new export tax rebate standards in commodities, the export tax rebate rate, China, which related to machine tool industry of goods only a, tungsten steel blade. Specific name of hard alloy metalworking machinery with knife and blade (metal working), commodity code 8208101000, tax rebate rate increased to 11%.

Insiders said that the cutting tool industry over the years has been to encourage production of tungsten steel blade, improve the export tax rebate standards, indicating that support this country is in the early to expand domestic demand based, improve the export competitiveness of enterprises, support enterprises to expand exports, a policy measure, is conducive to promoting the steady and rapid development of national economy.

It is reported that, because of the high speed steel cutter production consumes a lot of resources, and the product is cheap, the price is low, the industry is not encouraged. However, due to the needs of China's machinery manufacturing industry, as well as the Chinese tool enterprise technology is still in transition, the majority of Chinese tool enterprises still to produce such a tool based, at the same time the export volume is also very large. It is understood, 2012 China tool export $800 million, most of them are high-speed steel, tungsten steel blade only tens of millions of yuan. At the same time, the export structure of this product is also a factor that leads to the international trade friction. Although the United States, Germany and other developed countries on China's cutting tool is also a clear response, but Spain, South America, some countries have had a boycott of events. Therefore, the tool branch of the call to reduce the number of high-speed steel cutting tool exports, but there is no significant change in the current industry situation.