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Elham AbolFateh

Business

Government decided to stop importing rebar to protect national industry

Thursday 07/December/2017 - 09:47 PM
Sada El Balad
Ahmed Moamar
Dr Khalid Al Shafae، an Economic expert said that government decision to stop  importing rebar is a good trend.
He added that decision aims at protecting the national industry and reducing imports to save the  hard currency.
Al Shafae asks the national producers to adopt a vision to reduce prices to justify freezing of imports.
He suggests to define a ceiling of price of a ton to avoid manipulating the market.
He stressed that markets should come under strict censorship to prevent any monopoly.
It is worth to mention that rebar imports from countries such as China، Turkey and Russia threaten the national produce.
Authorities imposed dope duties to diminish imports.

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