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14 Dec
13:27

Egypt investigates billet countries-of-origin

A trader has sold large tonnages of billet to Egyptian re-rollers after the safeguard measures were lifted in mid-November this year. The first shipment arrived to Egypt carrying suspected Iranian-origin billet, prompting Egyptian authorities to open an investigation, notes Kallanish. Since there are sanctions on Iranian steel products, the authorities have been monitoring the billet trade, according to local sources. The first vessel, carrying 40,000t …
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