Metallurgical Industries: Egypt imported 1.7M tonnes of steel in 2016

Egypt imported around 1.7 million tonnes of steel during 2016 through a number of major markets from China and Turkey, Head of Metallurgical Industries Chamber stated Sunday.

Speaking to Amwal Al Ghad, Gamal 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 7.5-8 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.