Egyptian decision on steel billet, rebar safeguard duties postponed until October 5

The Supreme Administrative Court of Egypt has again postponed its decision on the possible re-imposition of safeguard duties on billet and rebar imports and will not discuss the matter until October 5, Fastmarkets understands.

The move prolongs the uncertainty in the market, which has led to a significant reduction in buying activity, sources told Fastmarkets on Tuesday September 10. In April, Egypt imposed a temporary additional import duty on rebar and billet in response to the increase in volumes entering the country, with duties set at 25% for rebar and 3-15% for billet. Egypt’s Administrative Court then suspended temporary...

Published

Vlada Novokreshchenova

September 10, 2019

12:02 GMT

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