Egypt’s Trade Remedies Sector of the Ministry of Investment and Foreign Trade held a hearing as part of its investigation into potential safeguard measures on imports of cold-rolled, galvanized, and pre-painted steel sheets, according to an official statement.
The probe was launched following a sharp and unexpected surge in imports that has weighed on the domestic industry amid heightened global trade tensions. In September last year, the ministry imposed provisional safeguard duties for 200 days, effective from September 14, 2025, setting rates at 11.11pct on cold-rolled coil (minimum EGP 4,152 / USD 88 per ton), 12.16pct on galvanized steel (minimum EGP 4,812 / USD 102 per ton), and 4.94pct on pre-painted steel (minimum EGP 2,584 / USD 55 per ton).
Stakeholders were invited to submit comments and data, including government representatives from Saudi Arabia, the GCC, India, Russia, South Korea, Thailand, Mexico, and Spain. Local participants included producers and importers such as Galvametal and Kama Metal, both subsidiaries of Kandil Steel.
The ministry said the measures aim to support Egypt’s investment climate, ensure fair competition, and remain compliant with World Trade Organization rules and Egyptian trade law. The temporary duties are secured via importers’ bank guarantees, refundable if safeguard conditions are not met, while imports used for export production remain eligible for refunds under existing customs regimes.
1 USD / 47.3 EGP
