Court postpones challenge to increased duties on imported iron pellets

A court has postponed looking into a legal challenge filed by 22 factory owners against a decision to increase import duties on iron pellets to 15%, the local press reported. The Trade Ministry in April introduced 180-day import duties of 25% on finished steel rebar and 3-15% on iron pellets in a bid to protect local manufacturers. The World Trade Organization (WTO) had said last month it would meet with Egyptian officials to discuss the decision.