Egypt: Temporary tariffs protect local steel
Egypt has imposed temporary tariffs to protect domestic steel rebar manufacturers from cheap foreign imports amid a long-running local energy crunch. |||
Egypt has imposed temporary tariffs to protect domestic steel rebar manufacturers from cheap foreign imports amid a long-running local energy crunch. The 7.3 percent tariffs will last for a maximum of 200 days, but could be made permanent, the Industry and Trade Ministry said yesterday. Egypt has been considering imposing tariffs since late last year to protect domestic steel against imports. The tariffs come at a critical time for the industry, which is recovering …read more
Source: Independent Online
