Egypt imposes temporary tariffs on steel reinforcement manufacturers from Ukraine, Turkey and China.
The reason for this decision were complaints from local producers who cannot compete with companies from other countries.
“This decision is designed to protect local production from harmful practices imported alternatives,” said the Minister of trade of Egypt Tarek Kabila.
The fee will be set at the level of 15-27% for steel from Ukraine, 17% – for China and 10-19% for Turkey.
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