INTERVIEW: GCC steel import duties must rise soon, Jindal Shadeed ceo says

The import duties imposed on rebar brought into the Gulf Co-operation Council (GCC) region must, and soon will be, increased to at least 10% from the current 5%, according to Naushad Ansari, ceo of Jindal Shadeed Iron & Steel.

Naushad Ansari, ceo, Jindal Shadeed Iron & Steel
In an interview on the sidelines of Metal Bulletin’s 20th Middle East Iron & Steel Conference in Dubai (MEIS 2016) on December 12-14, 2016, Ansari – who is ceo of the Oman-based steelmaker – told Metal Bulletin that steel producers in the GCC had had several meetings on the issue in 2016, and they were expecting a change in duties in the near future.

“Rebar production capacity in the GCC is much higher than [local] demand. And while we have very low import duties compared with other countries in the world, our production costs keep rising due to increases in the...


Serife Durmus

December 29, 2016

00:15 GMT