Trade Ministry postpones steel tariff reduction for six months

The Trade and Industry Ministry has postponed cutting import tariffs imposed on steel rebar and iron billets for a six-month period starting on 11 April 2020, according to an official document obtained by Al Mal. The ministry had imposed a 25% duty on steel rebar and a 16% duty on iron billets for three years, which is still being challenged by rolling mills despite backing from the High Administrative Court.