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Egyptian Re-Rollers Challenge Safeguard Duties on Steel Billet Imports - Report

Steel News - Published on Fri, 14 Jun 2019

Image Source: PACC Line
Argus reported that Egyptian re-rollers have taken legal action against the government's decision to impose a duty of up to 15% on billet imports. Re-rollers are opposing the safeguard measures, as they claim the duties give the integrated mills, which can produce crude steel and cast their own billet, a competitive advantage. Re-rollers have seen their billet import costs rise since the safeguards were introduced on 15 April. But they are not be able to pass on the increased cost of production to end-users because of competition from local integrated mills.

Egyptian authorities decided to impose an up to 15% safeguard duty on billet and 25% on rebar imports for 180 days, effective from 15 April.

Source :

Posted By : Rabi Wangkhem on Fri, 14 Jun 2019
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