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El Ola Steel : Turkey dumps Egyptian market with steel sheets

Steel News

El Ola Steel : Turkey dumps Egyptian market with steel sheets

 

 

Magdy Hosni, Chairman of  El Ola Steel Group, said that the Egyptian market is being dumped by imports of sheet and steel sectors (parallel beams, angles) from Turkey,

 

 

Stressing that the government should intervene to save local factories by imposing protection fees of no less than 20%.

 

 

He stressed the importance of the government supporting the Egyptian industry, noting that the Egyptian steel industry has all the ingredients that make it able to compete globally.

 

 

Chairman of El Ola Steel Group announced that the group has completed the experimental stages of operating the new rolling mill in the Burj Al Arab city in Alexandria, indicating that the initial capacities of the new plant 400,000 tons, which can be increased in the next few years.

 

 

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