SAMUEL KUTTY -
MUSCAT, JUNE 18 -
Oman’s Ministry of Commerce and Industry has asked all importers and traders of steel in the country to get licence to deal in the metal.
While making it mandatory, a directive from the ministry said, “all importers and traders should obtain licence for dealing in the sale of steel in construction sector”. Although much details are not given, the directive said that the move is aimed at confirming that the construction sector is adhering to building standards and specifications.
Reacting to the decision, a quality assurance engineer with a leading steel mill said that the decision will help prevent imports of cheap steel and its unfair competition in the market.
“It has long been a demand of the steel industry in the Sultanate to have curbs on imports and trade of cheap steel. The new decision will not only help prevent unfair market practices but will also stop cheap imports of the metal including reinforcing bars”, he said.