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Sunday, 21 April 2019

Gov’t excludes steel nail, wire producers from import tariffs on steel rebars, pellets

The Trade Ministry has excluded steel nail and wire producers from anti-dumping duties imposed on steel rebar and pellet raw materials, head of the Federation of Egyptian Industries’ steel processing division Ayman El Negooli said. This came after the division approached the ministry to inquire about the temporary, 180-day tariffs imposed on steel rebars (25%) and pellets (15%) last week. The ministry, which is planning to make the duties permanent as soon as it completes a study of their implications, sent a memoir to the Finance Ministry clarifying that steel rebars imported for domestic processing will not be subject to the tariffs.

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