July 6, 2017 / 2:37 AM / 17 days ago

Saudi Arabia cancels steel export duties, cuts cement duties by half

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DUBAI, July 6 (Reuters) - Saudi Arabia said on Thursday it would cancel all export duties on steel for two years to encourage local industries.

Cement export tariffs will also be slashed by 50 percent, a statement by the trade ministry said. (Reporting By Ali Abdelatti; Writing By Maha El Dahan; Editing by Shri Navaratnam)

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