GI SHEETS DUTIES SEEN ‘INSENSITIVE’ TO MARKET CONDITION

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A SECTOR of the domestic steel industry has opposed the proposal to impose safeguard duties on imported galvanized iron and pre-painted galvanized iron (PPGI) sheets as the levies are bound to raise the prices of these critical construction materials. The country is in the midst of reconstruction efforts in areas devastated by disasters. “Supply and prices of roofing materials will be crucial when the government, the private sector and even individual homes will start rebuilding structures like schools, hospitals, commercial and residential buildings and mass housing in the ravaged areas in Zamboanga as a result of the siege by Muslim rebels, areas of the Visayas region destroyed by the 7.2-magnitude earthquake and several areas in the Visayas and southern part of Luzon ravaged by Typhoon Yolanda,” Philippine Association of Steelformers Inc. (PASI) spokesperson Rene Garcia said. PASI said imposing additional levies on imported GI and PPGI sheets will make the government appear insensitive to the condition of Filipinos, particularly those living in several affected areas of Mindanao and the Visayas.

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