Egyptian court suspends safeguard duty on billet and rebar imports

An Egyptian administrative court has suspended the country’s preliminary safeguard duty on billet and rebar imports, according to reports.

As SteelOrbis previously reported, the Egyptian government imposed a 15 percent safeguard duty on billet imports and 25 percent duty on rebar imports for a period of 180 days starting from April 15.

Last month, Egyptian rerollers decided to take legal action to challenge the import duty on billet.