ANNOUNCED AS TEMPORARYNo
According to local press reports, on 14 October 2014 the Minister of Industry and Foreign Trade Mounir Fakhry Abdel Nour issued a decree imposing temporary protective fee on imported steel at the amount of 7.3% per tonne, but not less than EGP 290 per tonne. The decision is to remain in force for a period of 200 days. The purpose of this temporary state measure is 'to protect the steel industry in Egypt from the significant increase in steel imports'.
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