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Egypt extends import tariffs on rebar from China, Turkey, Ukraine

Reuters , Tuesday 26 Sep 2017
A file photo of A worker holding steel rods at a factory belonging to Ezz Steel, Egypt's largest steel producer, at an industrial complex in Sadat City, 94 km (58 miles) north of Cairo, April 17, 2013. (Photo: Reuters)
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Egypt has extended temporary import tariffs on steel rebar from China, Turkey and Ukraine, for two months, the trade and industry ministry said in a statement on Tuesday.

The tariff, set at 17 percent for Chinese steel, 10-19 percent for Turkish steel, and 15-27 percent for Ukrainian steel, was implemented in June to protect local manufacturers.

When implemented in June, it was to remain valid for four months.

The extension means the tariffs will now remain valid until Dec 6. 

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