Gulf nations impose blanket 10% duty on rebar imports

The Gulf Co-operation Council nations (GCC) increased the import duty on rebar to 10% from the previous 5% iwithn effect from January 1, 2019, the Arab Iron & Steel Union (AISU) announced on Wednesday, January 30.

The United Arab Emirates had earlier increased its own import duty on rebar to 10%, from the previous 5%, Dubai Customs announced on January 16.The AISU noted that the duty increase applied...