Ezz_steel1
kuwait_steel1
imatal4
Ezz_Web_Banner_Side_280x200
qatar_steel2
banner_7_22_300e2
banner_bahrian_600
banner_bahrian_600

Egypt and the Arab countries are the most targeted to dispose of the global steel trade surplus

The Arab Steel Summit, which was held this year in the Jordanian capital, Amman, is of particular importance, as it coincides with the growing challenges facing this strategic industry in the Arab countries. Iron and steel by 25%, followed by many countries in the world taking retaliatory or preventive measures, such as the European Union, which imposed 25% duties on its steel imports, which amount to 121 million tons annually, in addition to Canada – whose imports are 6 million tons annually – which imposed customs duties In retaliation against US exports worth 12.8 billion US dollars, it also imposed duties against steel imports by 25%, and Turkey, which imposed protective duties amounting to 25%, and the European Union announced taking protective duties against imports of steel plates.

The same trend was taken by other countries that have steel industries, led by Malaysia, which imposed duties ranging between 10% and 13%, as well as Chile 38.9%, Vietnam between 9 and 15.4%, Thailand 21%, Indonesia 12% and South Africa 25%, in addition to India, which imposed duties between 6 to 10%.

Awwad Al-Khalidi, President of the Arab Iron and Steel Union, reviewed at the opening of the summit the growth achieved by the Arab steel industry over the past 40 years, as the production volume had doubled from 5 million tons to more than 60 million tons now, and there are hopes for further development, but that This industry faces challenges that hinder those hopes and threaten that industry. For his part, Kamal Joudi, Secretary-General of the Arab Iron and Steel Union, stressed that the steel industry in the Arab world is not far from dumping and discharging the production of countries that have a surplus and are looking for alternative markets to those that imposed protection fees of up to 25%, which makes the Arab markets the most targeted.

Share on twitter
Twitter
Share on facebook
Facebook

Related News

Ezz-780-1
kuwit-steel3
mih-1

Latest News

About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

Information About Union

92 Members

28 Board of Directors

17 Country

300.000 Employees

Subscribe Newsletter

Contact us

General Secretariat
Tel +21323304221 Fax +21323304254
Mail: relex@solbarab.org

Cairo Regional Office
Tel +20233356219 Fax +20233374790
Mail: aisucairo@solbarab.org

All rights reserved Arab Iron and Steel Union | 1971 - 2022

Powered by Mohamed Hamed