Local iron mills now control the iron market after the Ministry of Industry applied anti-dumping duties on iron imports from China, the Ukraine, and Turkey for a period of five years, ending in June 2021, amid objections from importers on the decision.
Minister of Industry Tarek Kabil said that the decision followed complaints from local factories, which showed that they were affected by the large increase in imports of steel from the three countries.
He explained that the factories have submitted documents and evidence documenting the practice of dumping the market with iron imports at prices lower than local iron, highlighting the …read more
Source: Daily News Egypt
