Business

Local steel manufacturers demand 5% tax on imports

The Chamber for Mineral Industries has called for a 5 percent tax on imported steel in order to protect local production after the Trade Ministry rejected its earlier request to levy dumping fees on Turkish steel.

“The ministry must maintain an equilibrium in prices of the local and imported produce,” said chamber member Wanis Ayad. “Otherwise, we won’t be able to compete.”

Translated from the Arabic Edition

Related Articles

Back to top button