Al Gioshy Steel postpones expansion, blames new import tariffs

Al Gioshy Steel has postponed plans to add a production line to its steel rebar production facility, citing the Trade Ministry’s tariffs on imports of steel and iron billet as a major reason, CEO Tarek Al Gioshy tells Al Mal. The company has resumed operations at its factory after having halted production to protest the duties, which the government imposed last year.