 |
| Egypt Hot rolled flat steel imports |
Egypt Enforces Safeguard Duty Amid Rising Hot-Rolled Steel Imports
Egypt has implemented a temporary safeguard duty on hot-rolled flat steel imports, effective from September 14, 2025, to April 1, 2026. The duty rate is set at 13.6% of the CIF value or a minimum of 3,673 Egyptian pounds per ton. This move responds to a significant 31% year-on-year increase in hot-rolled steel imports in 2024 and a 116% rise compared to 2021. The Egyptian government aims to shield domestic steel producers from this surge in imports. Consequently, the measure covers multiple HS codes related to flat steel products, impacting importers globally.
Broader Temporary Duties on Steel Imports to Stabilize Egypt’s Market
In addition to hot-rolled steel, Egypt introduced temporary duties on other steel categories for 200 days starting September 14, 2025. Semi-finished products (billets) now face a 16.2% duty or at least 4,613 Egyptian pounds per ton, reflecting a 227% import increase in 2024. Cold-rolled steel imports incur an 11.11% duty, and galvanized steel imports are subject to a 12.16% levy. These protective measures aim to curb excessive imports and stabilize Egypt’s steel market. Furthermore, Egypt officially notified the WTO, ensuring transparency and adherence to international trade rules.
Regional Anti-Dumping Measures Reflect Growing Steel Trade Protectionism
Meanwhile, South Korea has imposed temporary anti-dumping duties on hot-rolled carbon and alloy steel coils from China and Japan, effective September 1, 2025, for four months. Duty rates range from 31.58% to 33.57% for Japanese companies and 28.16% to 33.1% for Chinese companies. This trend illustrates rising global protectionism in the steel sector amid volatile market conditions. Egypt’s temporary duties align with regional efforts to support local steel industries against surging imports and unfair trade practices.
ScrapInsight Commentary
Egypt’s 13.6% safeguard duty will likely slow hot-rolled steel imports, offering relief to local producers. However, price volatility may persist as global supply chains adjust. The move signals increasing protectionism, underscoring the need for regional cooperation to ensure sustainable circular economy growth.
