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Home Steel News Algeria to implement safeguards & supportive measures to help domestic steel market
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Algeria to implement safeguards & supportive measures to help domestic steel market

23 Jun 2020 14:12 reported by Vicky Wang

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Participants in the Algerian long products steel market worried that the continuous increase in imports would put pressure on domestic steel mills, so they called on the government to provide protection policies.

It was understood that the Ministry of Commerce of Algeria has prepared to implement safeguards on imported goods but has not yet announced the exact tax rate or product list. However, it was expected that the policy should be confirmed and enforced within the next two weeks.

It was said that 15,000 tons of foreign rebar were unloaded from the port of Annaba. Although the import volume seemed to be small, it has affected domestic steel mills, resulting in insufficient orders from various steel mills.

The increase in imports has also led to an increase in Algeria’s trade balance deficit. In this regard, the Algerian government has also expressed its intention to accelerate the revival of mining activities in Algeria.

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