Egypt is considering imposing anti-dumping duties on hot-rolled steel imports amid rising pressure on local producers, who are struggling to compete with cheaper, lower-quality foreign steel. The move follows a decline in demand for Egyptian steel exports and growing global protectionism, according to a local media report.
According to Enterprise, the government is reviewing recent export orders to assess the impact of international tariffs before taking action.
New trade barriers in key markets are adding to the strain. The US recently imposed a 25pct tariff on all steel imports, while the EU introduced a provisional 15.6pct tariff on hot-rolled coil from Egypt starting April 7, with a final decision expected in October. The EU’s anti-dumping probe also targets Japan and Vietnam.
Steel exports from Egypt fell 4pct YoY in 2024 to USD 2.3 bln, and industry leaders warn of further revenue losses. Mohamed Hanafi, head of the Metallurgical Industries Chamber, said the tariffs will hurt Egypt’s export competitiveness.