Egyptian Administrative Court keeps steel import tariffs

The Administrative Court has decided to refer to commissioners a lawsuit against the Trade Ministry’s decision to impose import tariffs on steel rebar and iron billets, according to Al Mal. The commissioners will prepare a report on the matter, which the court will look into on 1 February. In the meantime, the import duties of 25% on steel rebar and 16% on iron billets, which the ministry has imposed for three years and will be gradually tapered over that time before being lifted entirely in April 2022.