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Steel & Metal
- Egypt -

Egyptian Rebar Clears EU Customs Under Different Quota Category

Egyptian rebar has cleared customs at the Lithuanian port of Klaipeda, using a product code under a different EU quota category, according to documentation obtained by Argus. The shipment was registered under HS code 722830, designated for hot-rolled bar instead of rebar. This category, which falls under "non-alloy and other alloy merchant bars and light sections," currently has no import restrictions for Egyptian material. Market participants estimated that 80,000 tonnes of Egyptian rebar were awaiting clearance at EU ports as of April 1, but only about 30,000 tonnes cleared under the rebar quota on the first day. This strategic maneuver has highlighted increasing efforts to navigate EU safeguards as they tighten.

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China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

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ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices