Tel :
Tel :
Recently, Islam AlGioshy, CEO of Egypt's AlGioshy Steel, stated that the company has called on the Egyptian government to reconsider its provisional anti-dumping measures on imported steel billets.
On September 14, the Egyptian government decided to impose a provisional anti-dumping duty of 16.2% on imported steel billets, with a minimum of 4,613 Egyptian pounds per ton (approximately US$95.80). X65Q steel, This measure, which will be in effect for 200 days, aims to protect the domestic steel industry.
However, AlGioshy points out that there is still a significant gap between demand and the actual capacity of operating billet producers in the Egyptian domestic market, with existing capacity insufficient to meet the demand of rebar producers. Since the government's decision, the price of Egyptian billets has risen by 3,000 Egyptian pounds per ton. In addition, some factories that rely on outdated induction furnace technology and are unable to produce high-quality billets have seen their prices rise by as much as 2,000 Egyptian pounds per ton.
Industry insiders believe that imposing provisional anti-dumping duties on imported steel billets directly leads to an increase in the overall production cost of rebar, ultimately passing the additional cost burden onto end consumers. X65Q steel, If the current situation continues, some rebar producers may be forced to shut down due to rising costs and the inability to operate at full capacity. This poses a direct threat to supply chains and national projects that rely on rebar as a key material.
AlGioshy emphasized that anti-dumping duties should only be considered if domestic production capacity can fully cover market demand. Therefore, he called on the government to re-examine the timing and implementation mechanisms of this decision to ensure a balance is struck between protecting domestic producers, maintaining market stability, and guaranteeing the sustainability of operating plants.
In recent years, as part of a broader industrial policy, Egypt has implemented several trade protection measures for its steel industry. X65Q steel, The country's steel industry currently faces the dual challenges of domestic overcapacity in certain segments and import competition.
