Morocco starts probe into extension of rebar, wire rod import duty

Morocco’s ministry of industry, investment and commerce has started an investigation into whether to extend the application of an import duty on rebar and wire rod shipments.

The investigation was begun on Monday August 13 at the request of the Moroccan steelmakers’ association (ASM). Since January 2016, Morocco has applied a tax of 550 Moroccan dirhams ($57) per tonne on imports of rebar and wire rod, once annual quotas for the respective products have been filled. In 2018, the duty will be applied to rebar imports after the first 87,846 tonnes enter the country, and to wire rod imports after the first 146,410 tonnes. Morocco has steadily increased the import quotas for both rebar and wire rod over...

Published

Viral Shah

August 15, 2018

18:20 GMT

London