MEIS 2017: 'Fair trader' Unicoil expects safeguard duty to be approved soon

Saudi Arabian flat steel re-roller and coater Unicoil is focused on fair trade both within the country and with other Gulf Co-operation Council (GCC) member states, according to the company’s chief executive officer.

To comply with this ambition, Unicoil expects the GCC ministerial committee to approve the imposition of a 31% safeguarding duty on imports of color-coated coil for a period of three years, Rayed Abdullah Al Ajaji said in his presentation to the 21st Metal Bulletin Middle East Iron & Steel Conference in Dubai on Tuesday December 5.

The GCC proposed in May 2017 that the World Trade Organization (WTO) introduce a 31% safeguarding duty on imports of color-coated coil. The suggested duty would be levied at 31% of the per...

Published

Serife Durmus

December 06, 2017

19:30 GMT

Dubai