The Egyptian government is considering canceling dumping duties levied on rebar steel imports to enable real estate firms and developers to meet their needs of rebar steel of which current prices reached EGP 50,000 per ton, Minister of Trade and Industry Ahmed Samir told Al Borsa News.
The trade ministry has formed a committee to study the decision, Samir said, adding that the decision would be applicable provided that there is no prejudice to local rebar steel firms.
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