Egypt: Continuing the export duty on scrap steel and raising it to 6,000 pounds per ton

Engineer Ahmed Samir, Minister of Trade and Industry, decided to continue implementing Ministerial Resolution No. 605 of 2022 regarding imposing an export duty on a type of scrap and waste from stainless steel alloys, customs item (7204.21). The second article of the decision stipulated amending the export fee imposed in the previous decision, to be 6,000 pounds per ton instead of 3,500 pounds per ton, and the decision is effective from today’s date. It is noteworthy that Egypt leads the Arab countries in terms of crude steel production in 2022 and ranks twentieth in the world with a production of 10.3 million tons. It also topped the Arab countries during the first ten months of this year with a production of 8.490 million tons.