Initiate an investigation into increasing imports of rebar and billet
The Egyptian Ministry of Trade and Industry has decided to launch an investigation against the increase of the billet and rebar to protect the local industry.
According to a decision of the ministry, published on the official gazette, on Wednesday, Minister Amr Nassar, agreed on 28 March last, to start a “preventive measures” against the increase in imports of the category of billet and rebar products.
On Nov. 5, the ministry’s business processing department complained to local manufacturers of iron and steel products, claiming that there was a significant increase in imports of certain iron and steel products, which caused serious damage to the domestic industry.
The complaint had been accepted and registered after examining the accuracy and adequacy of the evidence submitted.