14,077.67 TRY BIST 100 BIST 100
53.79 EUR EUR EUR
47.25 USD USD USD
7.01 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.46 TRY Interest Interest
100.13 USD Fossil Oil Fossil Oil
6.34 USD Copper Copper
87.74 USD Silver Silver
97.96 USD Iron Ore Iron Ore
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
97.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Egypt imposes temporary safeguard duties on steel imports

The Egyptian government is considering imposing a temporary safeguard duty of 13.6% on hot-rolled steel imports for a period of 200 days.

Egypt imposes temporary safeguard duties on steel imports

The Egyptian government has officially enacted a temporary safeguard duty on certain steel products, confirming earlier reports of protective measures aimed at shielding the domestic industry. According to Ministerial Decision No. 400 of 2025, the duty will apply to imports of hot-rolled flat steel products in sheets or coils and will remain in force for 200 days, starting September 14, 2025, the day after its publication in the Official Gazette. The duty will be no less than EGP 3673 per ton, regardless of the CIF value.

This move follows a sharp increase in steel imports, which reached USD 260 million in the first half of 2025, driven by lower international prices that have undercut local producers. The Ministry of Industry cited “serious injury” to the domestic sector as justification for the emergency measure.

In a broader effort to stabilize the steel market, the government has also issued Decision No. 398 and Decision No. 399, imposing similar temporary duties on other steel categories:

Semi-finished steel (Billets): 16.2% or minimum EGP 4613/ton

Cold-rolled steel: 11.11% or minimum EGP 4152/ton

Galvanized steel: 12.16% or minimum EGP 4812/ton

Pre-painted steel: 4.94% or minimum EGP 2584/ton

Certain specialty products such as enameled, anti-bacterial coated, and plastisol-coated steel are exempt from these duties.

The Ministry of Industry is holding a consultative meeting today to discuss the broader implications of these safeguard measures, which come at a time of mounting pressure on Egypt’s steel producers. The domestic construction slowdown has exacerbated the situation, with rebar output falling 7% year-on-year to 3.8 million tons, and domestic sales down 3% to 2.965 million tons.

Meanwhile, the European Union’s decision to impose a 15.6% anti-dumping duty on Egyptian hot-rolled steel effective October 2025 adds further complexity to Egypt’s steel trade landscape.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

New record in solar energy: Generation reached 4.99 billion kilowatt-hours in June

Sunday, July 26, 2026

Strong demand for Kardemir Çelik ipo: Investor interest exceeds offering by fourfold

Sunday, July 26, 2026

DRI investments create a new competitive field for the steel industry

Sunday, July 26, 2026

Rosatom: countdown begins for the commissioning process at Akkuyu NPP

Sunday, July 26, 2026

KARDEMİR becomes a supplier to Algerian Railways

Sunday, July 26, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now