Egyptian Steel seeks duties on Turkish rebar: chief exec

Jul 23, 2014 | 11:55 AM | Nat Rudarakanchana

Tags  Egyptian Steel Group, Ahmed Abou Hashima, Egypt, Turkey, rebar, U.S. Commerce Department, reinforcing bar, steel wire rod

NEW YORK — Egyptian Steel Group is seeking anti-dumping tariffs on Turkish rebar to help protect the fledgling local industry and is looking at the U.S. Commerce Department’s handling of its rebar trade case against Turkey with interest, according to its top executive.

Anti-dumping duties of 5 to 7 percent on Egyptian imports of Turkish rebar for four or five years could protect a budding Egyptian steel sector that has been hit with rising natural gas and water prices as well as higher wages following that country’s democratic revolution, chief executive officer Ahmed Abou Hashima told AMM in an exclusive interview July 21. The sector is disadvantaged compared with Turkish rebar producers, which established their industry in the late 1980s and have enjoyed substantial government support since 2007, he....





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