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Tuesday, 18 May 2021

Reduced tariffs on steel rebars + iron billets

Reduced tariffs on steel rebars + iron billets: The Trade and Industry Ministry reduced import tariffs on iron billets last month to USD 46 per tonne from USD 60, while anti-dumping duties on steel rebars are now at USD 85 / tonne, down from USD 105, Al Shorouk reports. These rates will remain in place until April 2022, when they are expected to be reduced again. The duties on steel rebars and iron billets were originally introduced provisionally in April 2019, with an eye to gradually tapering off the rates over a three-year period from the date of rolling out the tariffs.

Other things we’re keeping an eye on this morning:

  • New archaeological discovery: Some 250 rock tombs dating back to the Old Kingdom have been discovered in Sohag.
  • The first direct charter flight from Romania to Egypt since the outbreak of the pandemic landed in Marsa Matrouh yesterday (watch, runtime: 1:13).

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