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| 26 September, 2017

Egypt extends import tariffs on rebar from China, Turkey, Ukraine

A Chinese worker welds steel rebar at a construction site in Nanjing, capital of east China's Jiangsu province, April 21, 2006. 
Image for illustrative purposes only.

A Chinese worker welds steel rebar at a construction site in Nanjing, capital of east China's Jiangsu province, April 21, 2006. Image for illustrative purposes only.

REUTERS/STR New

Egypt has extended temporary import tariffs on steel rebar from China, Turkey and Ukraine, for two months

CAIRO- Egypt has extended temporary import tariffs on steel rebar from China, Turkey and Ukraine, for two months, the trade and industry ministry said in a statement on Tuesday.

The tariff, set at 17 percent for Chinese steel, 10-19 percent for Turkish steel, and 15-27 percent for Ukrainian steel, was implemented in June to protect local manufacturers.

When implemented in June, it was to remain valid for four months. The extension means the tariffs will now remain valid until Dec 6.

(Reporting by Ehab Farouk; writing by Arwa Gaballa; editing by Jason Neely) ((arwa.gaballa@thomsonreuters.com; +20 2 2578 3290;))