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Egypt : Steel tariffs continue at 25% and 16% for billet in light of the coronavirus crisis

Egyptian Minister of Industry and Trade Neven Jameh decided to extend the current duties imposed on Egypt’srebar and billet import tariffs , and postpone their reduction for 6 months until October 11, when it was scheduled to decrease from 16% for billet starting from April 12, 2020 to 13 %, But the reduction was postponed to next October, as well as for rebar , which has a fee of 25%, and was scheduled to reduce it to 21% as of April 12.

The decision aims to protect the national industry in light of the Coronavirus crisis, and to limit harmful practices on the local product.

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Arab Iron and Steel Union was established in Algeria in 1972 as the first Arab Union of the Arab countries to be founded under the Council of Economic Unity umbrella in the League of Arab States.

It is the first Arab organization to specialize in the iron and steel field, and its tasks fall within making plans aimed mainly at developing and growing the iron and steel industry in the Arab world.

Arab Iron and Steel Union comprises a wide range of multi-activity companies related to the iron and steel industry from the Arab countries.

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