Latest in Tag: Iron Highlight

Latest in Tag: Iron


Shortage of iron billets hits rolling mills locally

Shortage of iron billets hits rolling mills locally

Rolling mills in Egypt are currently suffering from low availability of iron billets production locally. The hiccup in supply has forced factory closures due to their commitment to workers, as well as their bank obligations that require them to fulfil a guarantee of factory operations. Tarek El-Gioushy, member of the Chamber of Metallurgical Industries at …

Shaimaa Al-Aees

Egypt imposes 25% tariff on steel rebar, 16% on iron billets for three years

Since the beginning of this year, Egypt’s iron industry has been subjected to a legal battle started by integrated steel plants and hot rolled steel manufacturers after the Ministry of Trade and Industry issued a resolution in April, imposing a temporary import tariff of 15% on iron billets and 25% on steel rebar, set for 180 days ending in October.

Mohamed Samir