Ministry of Industry and Trade refuses to impose customs duties on steel imports and producers demand trade agreements applied
Last Update: 06/09/2010 09:53:31 ArabSteel – International Conventions Sector of the Egyptian Ministry of Industry and Trade rejected demands from rebar producers to re-impose 10% customs duties on imported rebar (especially from Turkey). The Sector sent a rejection note to the Industries Union informing it of the decision made regarding the demand of rebar producers through the Chamber of Metal Industries within the Industries Union, according to information «ArabSteel» got from media sources. The Chamber of Metal Industries issued a release that was taken as escalation against the rejection of the Ministry, in which it said that the demand to impose duties came because of the recurring losses incurred by public and private mills in Egypt for more than two years now, the thing which made them resort to stockpiling their production up to one million tons, while imports from Turkey last year reached up to 3 million tons, seizing 50% of the Egyptian market. The head of the International Conventions Sector, in his address to the Industries Union in response to the memorandum from the Chamber of Metal Industries demanding the re-impose of duties, said that the free trade agreement with Turkey forbids levying such duties that have been cancelled in February 2008. In this regard, Wanies Ayyad, Member of the Board of the Chamber of Metal Industries, said that the overall rebar sales of both locally-produced and imported rebar shall not reach 7 million tons this year after recording 7.2 million tons last year. He also pointed out that imported rebar seized up to 35% of the local production share in the market, resulting in stockpiling. On the other hand, Aburrahman Fawzi, head of the International Conventions Sector in the Ministry of Industry and Trade, said that the free trade agreement that Egypt has signed with Turkey stipulates customs to be cancelled on many industrial supplies including rebar since February 2008. Therefore, the demand of 6 local rebar mills is unacceptable. Then again, Muhammad Hanafi, General Manager of the Chamber of Metal Industries, said that the agreements with Turkey allow the Egyptian government to undertake exceptional provisional measures by levying duties up to 25% on imported manufactured goods.
world - OECD: Steel trade cases filed in 2013 the most since 1999 World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person
Ministry of Industry
Egypt - Ministry of Industry and Trade refuses to impose customs duties on steel imports and producers demand trade agreements applied Iran - Sponge iron, steel mills to be built in Yazd province Vietnam - Vietnam to bring in 2m tonnes of scrap steel