Egypt is the hottest country to impose a five-year
2022-10-03- Detail
Egypt imposes anti-dumping duties on Chinese, Turkish and Ukrainian steel for a period of five years
according to Egypt's "Daily" on December 6: the Egyptian Ministry of trade and industry recently announced that it would impose anti-dumping duties on imported steel from China, Turkey and Ukraine from June 2017 (announced a temporary levy) to June 2021 for a period of five years. Anti dumping was imposed on China's imported steel products, 202 intelligent manufacturing comprehensive standardization and new mode utilization projects were completed, and the tariff rate increased from 17% at the time of temporary collection to 29%
according to the "Daily" of Egypt on December 6, the Ministry of trade and industry of Egypt recently announced that it would impose anti-dumping duties on imported steel from China, Turkey and Ukraine from June 2017 (announced a temporary levy) to June 2021, for a period of five years. The anti-dumping tariff rate on China's imported steel products increased from 17% at the time of temporary collection to 29%; The anti-dumping duty rate on imported steel products from Turkey was adjusted from 10% and 19% temporarily to 7% and 22.8%; The anti-dumping duty rate on imported steel products from Ukraine was adjusted from 15% and 22% temporarily to 17.2% and 27%. Egypt will inform the WTO software about the disposal of these brief raw data only
Egyptian importers expressed dissatisfaction with the decision of the Ministry of trade and industry, saying that domestic steel production in Egypt could not meet the market demand, and steel enterprises could take the opportunity to manipulate the market price of products. In October 2017, the ex factory price of Egyptian steel was 116500 Egyptian pounds to 11970 Egyptian pounds per ton in 2017 and 2018. At present, the steel price in the international market is US $530 to US $540 per ton. Domestic steel prices in Egypt are expected to continue to rise
the import of iron and steel from Egypt was more than 1.1 million tons in 2015 and 1.8 million tons in 2016. In the first eight months of 2017, the import of iron and steel fell to 300000 tons, significantly lower than the level of the same period in 2016 (1.261 million tons)
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