The Egyptian Ministry of Trade & Industry has decided to continue protecting their domestic market from rebar imports and have extended the validity of the antidumping duties of 29% on China, 17.2-27% on Ukraine & 7%-22.8%, which were imposed back in 2017. As a result, the AD restrictions will be valid for another 12 months, effective from 6 June 2022. While protected from strong rebar imports, Egypt remains open to billet supplies. In November last year, Egypt decided to suspend the safeguard on square billet, aiming to decrease rebar production costs for local mills. During several months, Egypt was buying at least 100,000-150,000 tonnes of billet from Ukraine, Iran and Russia. However, with the beginning of the war in Ukraine, Egypt faced certain supply disruptions. Later, surviving the government decision to make LCs obligatory which was then cancelled, Egypt resumed buying billet from Russia despite the financial, operational and reputational risks.