Egypt Imposes Tariffs on Chinese, Turkish and Ukrainian Steel
Posted by Michelle Howard
June 6, 2017
Egypt has imposed temporary import tariffs on steel from China, Turkey and Ukraine, the trade ministry said in a statement on Tuesday.
The tariff will be set at 17 percent for Chinese steel, 10-19 percent for Turkish steel, and 15-27 percent for Ukrainian steel, it said.
"The decision comes following a thorough study...and is intended to protect local manufacturing from harmful practices by imported alternatives," Trade Minister Tarek Kabil said in the statement.
(Reporting by Eric Knecht and Arwa Gaballa)
