ANNOUNCEMENT 05 Jan 2010In January 2010, the government of Saudi Arabia announced a change in import duties.
NUMBER OF INTERVENTIONS
Arab Steel. (4 January 2010). Saudi Arabia re-imposed 5% customs duties on steel imports, other GCC states expected to follow the lead. Available at http://www.arabsteel.info/total/Long_News_Total_e.asp?ID=558
Reuters. (15 April 2010). No cancellations to Saudi steel import duty.
According to numerous and consistent press reports, the Saudi government has change import regulations for steel rebar. From January 2010, imports of steel rebar are subject to an import duty of 5 percent. The import duty will not be levied on imports from members of the Gulf Cooperation Council (GCC).