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The UAE extends duties on reinforcing steel imports until November 7, 2023

Dubai Customs institution has extended the application of customs duties on reinforcing steel and wire coils imports by 10% until November 7, 2023.

The decision came in addition to Customs Declaration No. 10/2022, and based on the letter of the Federal Authority for Identity and Nationality, Customs and Ports Security dated January 16, 2023, which includes the letter of the Ministry of Finance dated January 13, 2023 regarding the extension of raising customs duties on rebar and wire coils.

The customs outlets in the UAE had started, as of January 2019, to apply the Cabinet’s decision to increase the customs duty on imports of reinforcing steel and iron coils from 5% to 10% to provide commercial protection for national iron products and combat dumping practised by some international producing companies for the imported iron in the local markets.

According to the data of the Federal Center for Competitiveness and Statistics, the UAE’s exports of iron and steel and their products grew by 44% to reach about 23 billion dirhams with a volume of 7.3 million tonnes in 2021, compared to the previous year, during which it amounted to 16 billion dirhams, with a total volume of 5 million tonnes.

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لوريم ايبسوم هو نموذج افتراضي يوضع في التصاميم لتعرض على العميل ليتصور طريقه وضع النصوص بالتصاميم سواء كانت تصاميم مطبوعه لوريم ايبسوم ليتصور طريقه لوريم ايبسوم.

About AISU

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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