14
Mar
14:14
Kuwait doubles rebar import duty
Kuwait has doubled its customs duty on rebar imports to 10% in a precursor to a Gulf Cooperation Council-wide duty increase, Kuwaiti steel market sources tell Kallanish.
The hike was not proposed by Kuwait’s sole rebar producer, KWT Steel, but by the country’s government, according to sources. One source says the tariff was initially going to be raised to 15%.
“They [... the government] think that capacities in the Middle East are enoug…
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Anonymous
Very good overview of the weekly steel market.
Anonymous