CAIRO - Egypt has imposed temporary import fees of 16% on iron billets and 25 percent on steel rebar for three years, the trade and industry ministry said on Friday.
The ministry said an investigation had concluded that a rise in imports was hurting the local industry. The duties will take effect on Saturday.
Egypt had already imposed temporary import fees in April, of 15% on iron billets and 25% on steel rebar for 180 days.
(Reporting by Ehab Farouk, writing by Ulf Laessing, editing by Larry King) ((Ulf.Laessing@thomsonreuters.com; Reuters Messaging: follow me on twitter @ulflaessing))
