Tag: Egypt import duty
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Egypt: Safeguard duties removal to boost billets, rebar imports
Egypt’s Ministry of Trade and Industry recently revoked the 25% and 16% safeguard duties on imports of rebar and billets respectively. The move comes earlier than scheduled. It had been imposed in Apr’19 and was to lapse in Apr’22. Once the safeguard is lifted, imports of both materials are expected to increase. Local rebar prices…