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Egypt keeps dumping duties on imports of steel for 2 more months-The 19th China(Guangzhou)Int’l Metal &Me
tallurgy Exhibition-metal exhibition
9/28/2017 steel expo-metal &metallurgy expo |
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Daily News Egypt reported that Egypt’s Ministry of Trade and Industry has decided to extend the period of application of temporary anti-dumping duties on imports of steel (skewers, rolls, and rods) exported from or originating in China, Turkey, and Ukraine for two months.
According to a statement issued by the Ministry, the decision stipulates that the duty rate should be 17% of the cost, insurance, and freight (CIF) value on Chinese imports, 10% to 19% of the CIF value on Turkish imports, and 15% to 27% of the value of the CIF on Ukrainian imports.
It is noteworthy that decision No. 874 on the imposition of temporary anti-dumping duties on imports of reinforcing steel (skewers, rolls, and rods) exported from or originating in China, Turkey, and Ukraine in June includes the imposition of such duties for a period of four months ending on 6 October 2017.
According to the head of the Trade Agreement Sector, Ibrahim El Segeeny, the Advisory Committee recommended extending the period for two months from the expiration date of Resolution 874 to 6 December, bringing the total period of application to six months after receiving a request from a number of exporters representing a large percentage of trade.
The product under investigation shall extend the application period.
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