19 Hrs
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البلاد
US considers final tariffs on Egyptian steel
A recent report discusses the U.S. Department of Commerce's imposition of final duties on imports of rebar from Egypt, ranging from 34.2% to 52.73%, following investigations into dumping practices and government support. The investigations revealed that some Egyptian companies benefited from government subsidy programs, leading to the imposition of countervailing duties of up to 23.27%. The decision comes amid increasing Egyptian exports to the U.S. market, which reached approximately 245,000 tons in 2023, with expectations that exporters will shift to alternative markets such as MERCOSUR countries and the Balkans.
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