Real Economy News in Real Time
R/€ = 16.07 Change: 0.00
R/$ = 14.38 Change: 0.00
Au 1277.65 $/oz Change: 1.61
Pt 814.61 $/oz Change: -9.68
 
 
Real Economy News in Real Time
R/€ = 16.07 Change: 0.00
R/$ = 14.38 Change: 0.00
Au 1277.65 $/oz Change: 1.61
Pt 814.61 $/oz Change: -9.68
 
 
BACK

Egypt imposes temporary duties of 15% on iron billets, 25% on steel rebar

15th April 2019 BY: Reuters

Egypt has imposed temporary import fees of 15% on iron billets and 25% on steel rebar for 180 days from Monday, the finance ministry said.

The ministry said the import fees aim to protect national industry against unfair competition.

Advertisement

Egypt said in 2017 that it would maintain tariffs on steel rebar from China, Turkey and Ukraine for a five-year period in order to protect local manufacturers.

Local newspapers said manufacturers had urged the trade ministry to implement the latest anti-dumping measures because of a global oversupply of billets as a result of US import restrictions. 

Advertisement
EDITED BY: Reuters
EMAIL THIS ARTICLE SAVE THIS ARTICLE
Advertisement