The Ministry of Trade and Industry in Egypt said that there is no study on canceling dumping duties on imports of rebar originating from or exported from Turkey, Ukraine, and China, as reported in the media.

She said in a statement on Tuesday: “There is no study to amend the applicable fees or cancel them, as Egypt is committed to what is stipulated in the international agreement of the World Trade Organization in this regard.”

Media outlets had quoted the Minister of Trade and Industry, Ahmed Samir, as saying. “The Ministry has formed a committee to study the decision (cancellation of dumping duties), and it is expected that this decision will be decided soon, on the condition that it does not harm factories producing rebar in the local market.”

The imposition of dumping duties on imports of rebar (rebar, wire rod, bars, and sticks) originating from or exported from Turkey, Ukraine, and China is due to a ministerial decision issued in 2017 for a period of 4 years, and was extended by another ministerial decision issued in June 2023.

These duties amount to 25% on imports of rebar and steel, and 15% on billet (iron ore).