Egyptian Prime Minister Moustafa Madbouly on Thursday reviewed the government’s recent decree imposing temporary safeguard duties on steel imports with Investment Minister Hassan El-Khatib, as they assessed its impact on prices, domestic output and the country’s import bill.
El-Khatib told the Cabinet that the 200-day duties, introduced on September 14, cover hot-rolled and cold-rolled flat products, galvanised and color-coated sheets, as well as billets.
He said the measures were aimed at protecting domestic producers and ensuring fair competition, as steel represents a key input for vital industries. He added that Egypt has a strong legal and economic case for the duties, citing a sharp increase in steel imports between 2022 and 2024 that hurt local factories.
