Egyptian Minister of Industry and Trade Neven Jameh decided to extend the current duties imposed on Egypt’srebar and billet import tariffs , and postpone their reduction for 6 months until October 11, when it was scheduled to decrease from 16% for billet starting from April 12, 2020 to 13 %, But the reduction was postponed to next October, as well as for rebar , which has a fee of 25%, and was scheduled to reduce it to 21% as of April 12.
The decision aims to protect the national industry in light of the Coronavirus crisis, and to limit harmful practices on the local product.