Egyptian court suspends safeguard duty on billet and rebar imports

Thursday, 04 July 2019 14:10:19 (GMT+3)   |   Istanbul

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.

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