1 Day
Source:
بوابة الفجر
Economist urges end to billet fees
A study by the economic expert Dr. Medhat Nafeh called for the abolition of the blast furnace surcharge that was imposed on its importation, considering it the lesser of two harms and noting its negative impact on the competitiveness of the iron industry in Egypt and its ability to export. Nafeh emphasized that the decision requires reconsideration, with the surcharge being temporary and implemented only after extensive consultations with the Federation of Industries, to assess its effect on production costs and the local market. He also highlighted the importance of sustainable energy resources and efficiency in the industry, especially since the iron and steel sector is highly energy-intensive. Furthermore, he pointed out that increased integration within the sector should be balanced with cost efficiency improvements and the enhancement of the competitiveness of local cement in global markets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)