Egyptian re-rollers are waiting for an official announcement from the Central Bank of Egypt on import regulation after President Abdel Fattah El Sisi ordered the formation of a working group to regularly assess the import system. This could ultimately lead to easing payments for billet imports, Kallanish notes.
On 10 May, during a meeting with the ministerial economic group, Sisi directed to exclude production inputs and raw materials from the procedures…
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