Egypt confirms safeguard measures on imported billets

Egypt has decided to impose safeguard measures on imported billets following its affirmative final ruling of the investigation, according to the latest release issued by WTO Committee on Safeguards on March 12.

The targeted products are semi-finished products of iron or non-alloy steel (billets) which fall under HS code 72.07 of the Egyptian Harmonized Customs Tariff, according to the release. The proposed measure takes the form of an ad valorem tariff increase combined with a minimum specific duty. The specific measures are