Egypt will establish a committee to monitor billet availability, prices and supply-chain continuity.
The decision followed disputes between integrated producers and rerollers over shortages and import costs.
Officials maintained the existing safeguard framework, with the billet import duty currently at 12%.
Imported billet rose to $545–555 per tonne CFR on October 22, from $530–545 previously.
Ten bids were submitted for eight production licences covering 2.8 million tonnes of annual billet capacity.
