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Egypt has announced the introduction of a temporary 13.6% duty on hot-rolled steel imports, aimed at protecting local steel producers from rising foreign competition. The Ministry of Trade and Industry confirmed that the safeguard duty will be applied for a limited period as part of its efforts to stabilize the domestic steel market.
The decision follows concerns from Egyptian steelmakers about a surge in cheaper imports, which were impacting local production levels and profitability. By imposing the temporary duty, authorities aim to create a level playing field for domestic producers while maintaining fair trade practices.
Hot-rolled steel is a critical material used in construction, automotive, and manufacturing industries. Officials believe the move will help secure jobs, support industrial investments, and encourage local mills to increase output.
Industry experts note that while the duty offers short-term relief to Egyptian producers, it may also raise costs for downstream industries relying on imported steel. The government is expected to review the measure based on market responses and industry feedback in the coming months.
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