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Egypt to Retain Tariffs on Steel Rebar from China, Turkey, Ukraine for 5 Years

Workers check steel products at a factory in Dalian, Liaoning Province, China, March 30, 2016. REUTERS
Workers check steel products at a factory in Dalian, Liaoning Province, China, March 30, 2016. REUTERS
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TT

Egypt to Retain Tariffs on Steel Rebar from China, Turkey, Ukraine for 5 Years

Workers check steel products at a factory in Dalian, Liaoning Province, China, March 30, 2016. REUTERS
Workers check steel products at a factory in Dalian, Liaoning Province, China, March 30, 2016. REUTERS

Egypt will maintain tariffs on steel rebar from China, Turkey, and Ukraine for a period of five years, the Ministry of Trade and Industry said in a statement on Wednesday, extending a temporary tariff imposed earlier this year.

The tariff was first implemented in June to protect local manufacturers and set at 17 percent for Chinese steel, 10-19 percent for Turkish steel, and 15-27 percent for Ukrainian steel.

The statement quoted Minister Tareq Qabil as saying that the decision was taken after a “careful examination ... and based on a complaint by the local industry.”

Steel rebar prices in Egypt have sharply risen since the tariff was implemented last June.

Egypt produces annually 6 to 7 million tons of steel rebar.

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Russian Gunpowder Factory Attacked, Ukrainian Official Says

A man walks at the site of shelling, which local officials called a Ukrainian military strike, in Donetsk, Russian-controlled Ukraine, on January 10, 2025, amid the ongoing Russian-Ukrainian conflict. (Photo by STRINGER / AFP)
A man walks at the site of shelling, which local officials called a Ukrainian military strike, in Donetsk, Russian-controlled Ukraine, on January 10, 2025, amid the ongoing Russian-Ukrainian conflict. (Photo by STRINGER / AFP)
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Russian Gunpowder Factory Attacked, Ukrainian Official Says

A man walks at the site of shelling, which local officials called a Ukrainian military strike, in Donetsk, Russian-controlled Ukraine, on January 10, 2025, amid the ongoing Russian-Ukrainian conflict. (Photo by STRINGER / AFP)
A man walks at the site of shelling, which local officials called a Ukrainian military strike, in Donetsk, Russian-controlled Ukraine, on January 10, 2025, amid the ongoing Russian-Ukrainian conflict. (Photo by STRINGER / AFP)

A major Russian gunpowder factory in the Tambov region was attacked, a Ukrainian official said on Thursday, without directly claiming Ukrainian responsibility or specifying the consequences of the attack.

"The enterprise is one of the main suppliers of explosive materials for the army of the Russian Federation," Andriy Kovalenko, the head of Ukraine's Centre for Countering Disinformation, wrote on Telegram of the powder factory.

"With the start of the full-scale war in Ukraine, production at the plant increased significantly," he added, Reuters reported.

There was no immediate public comment from Russia on the attack on the factory.

Separately, Ukraine's military said it had hit the Liskinska oil depot in Russia's Voronezh region overnight.

"According to the available information, at least three strike drones hit the target. A large-scale fire broke out at the facility," a military statement on the Telegram app said.

Russian authorities had said earlier that debris from falling Ukrainian drones had caused a fire at the facility.

Ukraine and Russia have regularly attacked military production facilities deep inside each other's territory in the course of their war.