Gulf In Focus - Gulf States - Economics and Finance - Steel producers-UAE seek hike in anti-dumping duty.

Steel manufacturers in the UAE have called for increasing anti-dumping duty in order to safeguard local industry, according to a senior official of a leading steel manufacturer.

"It is an industry perspective to hike anti-dumping duty as more rebar and pipe producers are requesting for support from the ministry. It is a very clear mandate that there should be enough capacity to ask for this type of demand. And we have enough pipe-making and rebar-making capacity. That will allow us to survive for few years," said Bharat Bhatia, CEO of Conares.

The UAE hiked duties on steel rebar and wire rod from five percent to 10 percent in January 2019 as part of anti-dumping measures to...