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11 Jul
23:29

EU frees up some Egypt HRC quota tonnage

Egypt has seen 10,175 tonnes of its EU hot rolled coil third-quarter safeguard quota made available, despite having oversubscribed its 141,850t quota cap immediately after the current period opened, Kallanish notes. As of 2 July, Egypt had 176,626t awaiting allocation for customs clearance. Whether the correction stems from withdrawals from quota declarations or other factors was unclear at the time of publication. The European Commission has implemented a bl…
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