The investigation was initiated by local steel producers Al-Obour Metal Industries and Kama Metal Coating and Processing
The Egyptian Ministry of Investment and Foreign Trade has announced the launch of an anti-dumping investigation into imports of cold-rolled and coated steel products originating from Turkey and China. This is reported by SteelOrbis.
The investigation was initiated at the request of local steel producers, including Al-Obour Metal Industries and Kama Metal Coating and Processing. The companies claim that products from these countries are supplied at dumping prices, which causes material damage to the national industry in Egypt.
The rolled products under investigation are represented by HS codes 720915, 720816, 720917, 720918, 720925, 720926, 720927, 720928, 720990, 721041, 721049, 721061, 721070, 721090, 721123, 721129, 721190, 721230, 721240, 721250, 721260, 722592 and 722599.
In January-September 2024, Turkey supplied 16.92 thousand tons of cold-rolled steel, 7.49 thousand tons of galvanized steel, and 15.03 thousand tons of painted steel to Egypt. China exported 79.78 thousand tons of cold-rolled steel and 37.62 thousand tons of galvanized steel to the Egyptian market.
As a reminder, China’s steel exports in January-September 2024 increased by 21.2% compared to the same period in 2023 – to 80.71 million tons. In September, Chinese steel exports reached 10.15 million tons, up 6.9% month-on-month and 25.9% y/y.
Turkey increased its exports of steel products by 31.6% y/y over 9 months – to 27.8 million tons. In September, exports increased by 17.7% y/y – to 1.3 million tons.
Read more: China's stainless steel exports up 19.75 percent in Jan-Sept
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