Jordan is planning to reduce steel import duty

Monday, 26 January 2004 14:53:36 (GMT+3)   |  
       

Jordan is planning to reduce steel import duty

According to recent market news, Jordan Ministry of Industry and Trade is considering to decrease the current steel import duty of 30%. Moreover, the Ministry is in preparation of implementing new regulations on steel prices. As a result of the steel crisis in the country, certain measures such as, restricting export of scrap steel, liquidating certain steel trading companies were previously put into effect. However, the reduction in the duties is thought to be more effective. The increase in steel prices is attributed to the rise in costs, prices of steel shipping and demand, particularly from China and Ukraine.

Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

US scrap market still expecting sideways pricing in April

27 Mar | Scrap & Raw Materials

Ex-US deep sea scrap prices to Turkey increase, ex-EU prices relatively stable

27 Mar | Scrap & Raw Materials

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Average local Chinese scrap prices rise amid tight supply after previous decreases

27 Mar | Scrap & Raw Materials

Import scrap prices in India move up, but low bids prevent deals

27 Mar | Scrap & Raw Materials

Baltic countries and Czech Republic seek EU ban on ex-Russia scrap imports

27 Mar | Steel News

US iron and steel scrap exports down 12.9 percent in January

26 Mar | Steel News

European scrap prices move up above $385/mt

26 Mar | Scrap & Raw Materials

Wholesale metal scrap sales in Mexico decrease 15.6 percent in January

25 Mar | Steel News