UAE Customs will increase import tariffs on steel products from 2019

The united Arab emirates (uae) will raise import tariffs on rebar steel and wire products to 10 percent from January 2019, up from 5 percent previously, to protect the development of the domestic steel industry, the uae federal customs administration announced. The ministry of economy will evaluate the new tariffs one year after they are implemented.

According to statistics of customs of the united Arab emirates, the trade volume of rebar and wire rod imported from January to September in 2018 is 1.1 billion dirham (444,400 tons), of which the import value is 656 million dirham, the export value is 392 million dirham, and the re-export trade value is 26 million dirham.

Pre: In 2018, the steel industry realized a profit of 470.4 billion yuan

Next: Steel price or below the 2018 average