{"id":603523,"date":"2019-04-24T04:00:19","date_gmt":"2019-04-24T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/"},"modified":"2019-04-24T04:00:19","modified_gmt":"2019-04-24T04:00:19","slug":"local-rebar-production-slows-as-duties-on-steel-imports-increase","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/","title":{"rendered":"Local rebar production slows as duties on steel imports increase"},"content":{"rendered":"

Eight mills in Egypt have stopped rebar production following a decision by the Finance Ministry to impose a 15% duty tax on steel imports, reports Argus<\/a>. The decision aims to reduce the reliance on steel imports and encourage local manufacturing, but local producers suggest they cannot remain competitive with the increase in production costs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Eight mills in Egypt have stopped rebar production following a decision by the Finance Ministry to impose a 15% duty tax on steel imports, reports Argus. The decision aims to reduce the reliance on steel imports and encourage local manufacturing, but local producers suggest they cannot remain competitive with the increase in production costs.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9309],"tags":[2416,317,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603523","post","type-post","status-publish","format-standard","hentry","category-basic-materials-commodities","tag-basic-materials-commodities","tag-commodities","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"97ba24b1-a931-47df-a01c-2ff34c434951","is_powered_by":true,"section_story_id":"25c945c6-cad9-4dbf-b576-202551bc2bd8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603497],"teaser":"","voice_url":""},"yoast_head":"\nLocal rebar production slows as duties on steel imports increase - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local rebar production slows as duties on steel imports increase\" \/>\n<meta property=\"og:description\" content=\"Eight mills in Egypt have stopped rebar production following a decision by the Finance Ministry to impose a 15% duty tax on steel imports, reports Argus. The decision aims to reduce the reliance on steel imports and encourage local manufacturing, but local producers suggest they cannot remain competitive with the increase in production costs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-24T04:00:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Local rebar production slows as duties on steel imports increase\",\"datePublished\":\"2019-04-24T04:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Basic Materials + Commodities\",\"commodities\",\"EnterpriseAM\"],\"articleSection\":[\"Basic Materials + Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/local-rebar-production-slows-as-duties-on-steel-imports-increase\/\",\"name\":\"Local rebar production slows as duties on steel imports increase - 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The tariffs will reduce competition from foreign exporters and\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602384,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/egypts-wheat-corn-and-rice-imports-to-rise-usda\/","url_meta":{"origin":603523,"position":2},"title":"Egypt\u2019s wheat, corn and rice imports to rise: USDA","author":"enterpriseam admin","date":"26 March 2019","format":false,"excerpt":"Egypt\u2019s imports of wheat, corn and rice will increase by 0.8%, 1% and 25% year-on-year in MY2019-20, according to the US Department of Agriculture. The report forecasts wheat imports to hit 12.6 mn metric tonnes (MMT), corn imports to increase to 9.5 MMT and rice imports to reach 500k MMT\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573070,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/19\/al-gioshy-steel-postpones-expansion-blames-new-import-tariffs\/","url_meta":{"origin":603523,"position":3},"title":"Al Gioshy Steel postpones expansion, blames new import tariffs","author":"enterpriseam admin","date":"19 July 2020","format":false,"excerpt":"Al Gioshy Steel has postponed plans to add a production line to its steel rebar production facility, citing the Trade Ministry\u2019s 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\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641631,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/govt-extends-steel-import-tariffs\/","url_meta":{"origin":603523,"position":4},"title":"Gov\u2019t extends steel import tariffs","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"The Trade and Industry Ministry has extended temporary import tariffs on steel rebar from China, Turkey, and Ukraine for two months, Reuters reports. The tariff was set in June to protect local manufacturers and was to remain in place for four months, but the new extension pushes it to 6\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590705,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/31\/egyptian-administrative-court-keeps-steel-import-tariffs\/","url_meta":{"origin":603523,"position":5},"title":"Egyptian Administrative Court keeps steel import tariffs","author":"enterpriseam admin","date":"31 December 2019","format":false,"excerpt":"The Administrative Court has decided to refer to commissioners a lawsuit against the Trade Ministry\u2019s decision to impose import tariffs on steel rebar and iron billets, according to Al Mal. 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