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Egypt imposes temporary 15% import tariff on iron billets, 25% on steel rebar

Egypt’s Finance Ministry has imposed, on Monday, a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days. The ministry announced that the tariff aims to protect Egypt’s domestic iron and steel industry against dumping, and unfair competition. Local steel manufacturers have been calling on the government to …

Mohamed Samir

Imposing new steel, cement fees will not affect real estate prices

The new health insurance law, due to go into effect after parliament approved it last week, is set to see new fees imposed on certain commodities to finance the program. The Health Affairs Committee of Parliament approved on Tuesday the draft of comprehensive health insurance law, in which it authorised the article on additional sources …

Shaimaa Al-Aees

China vows to curb overcapacity in steel

China’s Premier Li Keqiang has told EU officials that his country is committed to market reforms and will stay determined to tackle a steel capacity glut that has sharpened tensions between China and the EU.

Deutsche Welle