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EU initiates anti-dumping investigations against “Ezz Steel”

Egyptian Ezz Steel has received a notification from the European Trade Commission that it has begun anti-dumping investigations into imports of hot-rolled flat steel from Egypt, India, Japan and Vietnam, following a complaint filed by the European Steel Association (EUROFER).

The company said in a statement on the London Stock Exchange that the complaint calls for anti-dumping duties to be applied to Egyptian exports, and therefore to Ezz Steel’s exports as the sole Egyptian exporter of hot-rolled flat steel to the EU.

The company added that each exporter will have to provide data over the next few weeks, expecting the investigations to continue for some time since the complaint covers a number of countries, and “information is required at a high level of detail.”

The company said that the EU is a major market for its flat steel exports.

Ezz Steel affirmed its commitment to the principles of fair trade and its full compliance with the trade principles stipulated by the World Trade Organization, stressing its full cooperation with the European Union Investigation Authority, providing all required data, and “presenting its arguments and arguments to protect its interests and the interests of the Egyptian local industry.”

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