Export fees increased on aluminum scraps, import fees might be imposed on iron

Export fees were increased on aluminum scrap to EGP 6,000 from EGP 5,000 per tonne by the Trade and Industry Ministry, in a bid to ensure adequate supply in the local market, Al Borsa reports. Separately, the Supreme Council for Customs Tariffs has completed a study on imposing an import levy on imported iron, Customs Authority head Magdy Abdel Aziz tells Al Ahram. The council will present its findings along with demands of local iron manufacturers to the Trade and Industry, and Finance Ministries to reach a final decision.