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Egypt imported 1.7 million tonnes of steel in 2016

Steel News - Published on Wed, 11 Jan 2017

Image Source: Amwal Al Ghad
Amwal Al Ghad quoted Mr Gamal El-Garhy Head of Metallurgical Industries Chamber of Egypt as saying that Egypt imported around 1.7 million tonnes of steel during 2016 through a number of major markets from China and Turkey.

Mr El-Garhy noted that there is a surplus of 4 million tonnes per year in steel factories' capacities since they produce around 12 million tonnes every year while consumption rates are estimated at 7.5 to 8 million tonnes per year.

On other side, El-Garhy said that the chamber waits the Anti-Dumping, Subsidy and Safeguard Department at Trade and Industry Ministry to finish probes into its complain about dumping Egyptian market with Chinese, Ukrainian, and Turkish steel within 60 days.

Source :

Posted By : Rabi Wangkhem on Wed, 11 Jan 2017
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