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Thursday, 30 April 2020

Egypt probes alleged dumping of aluminum, rolled steel products

Egypt probes alleged dumping of aluminum, rolled steel products: The Trade Ministry began earlier this month a “safeguard investigation” into potential dumping of raw aluminum in the domestic market, according to the World Trade Organization (WTO). The investigation comes after state-owned Egypt Aluminium began reporting losses because the market is being “flooded” with imported aluminum products, according to a ministry statement.

An aluminum dumping frenzy: News of the investigation comes as Egypt is among 18 countries being investigated by the US for dumping aluminium in the US market according to a US Commerce department report earlier this month. Although the report doesn’t mention Egypt by name, last month a petition filed by the US aluminium industry named Egypt among the list of 18 countries accused of dumping alloy aluminium sheet.

The ministry is also looking to impose anti-dumping measures on rolled steel rods sourced from China, Turkey, and Tunisia, the statement says, without providing further details.

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