Saudi denies steel import duty cancellations

Dubai, April 13, 2010

Saudi Arabia has not cancelled the import duty on steel, the Ministry of Trade and Industry told Al Arabiya television on Tuesday.

A ministry spokesman told Reuters on Monday that the five percent import duty placed on steel rebar had been lifted as the government aims to ease a shortage of the building material in the Kingdom. No further details were given in the Arabiya report.-Reuters

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