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Kuwait increases rebar import duty to 10%

Kuwait increases rebar import duty to 10%

KUWAIT CITY: Kuwait’s ministry of finance has increased the duty applied to imports of rebar to 10% from the previous 5%, effective from March 1 this year until the end of February 2019, Metal Bulletin has heard.

There is only one rebar producer active in Kuwait, KWT Steel with capacity for 1.2 million.