Egypt to impose 8 pct import tariff on steel rebar

gypt will impose an 8 percent import tariff on rebar - reinforced steel bars - for three years, the industry and trade ministry said on Sunday, extending temporary tariffs introduced last year to protect the domestic industry.

A ministry statement said Egypt would also impose a 20 percent tariff on white sugar for 200 days, following a filing to the World Trade Organization last week in which it sought to safeguard domestic producers from a damaging surge in imports.

The tariffs come at a critical time for Egypt's steel industry, which is recovering from four years of political and economic turmoil, and for a global market struggling with low prices and over-capacity due to lacklustre demand