A giant increase in Egyptian imports of Turkish steel products in 2014

TURKISH_STEEL_REBAR_ArabMetal

 

ArabMetal – Egyptian imports of Turkish  finished steel products  rose by a large margin amounted to 76.33% in 2014, compared to the previous year.

According to the «Arab metals» database, Egyptian imports of Turkish finished steel products were 513,313 tons in 2014 compared to 291,112 tons in the year 2013.

Turkish long steel products, formed the largest amount in the Egyptian imports, which amounted to 479,007 tons compared to 267,000 tons, an increase of 79.4%.

The imports of HRC, ranked second in imports, amounted to 34,306 tons in 2014 compared to 24,112 tons in 2013, up by 34.31%.

Egyptian imports of Turkish pipes also rose in 2014 by 12.67% to 34.052 tons, compared to 30.222 in 2013.

Imports pushed the Egyptian steel manufacturers, to demand the imposition of dumping duties, and determine annual quota for the amount of steel products imports. These claims led to the imposition of dumping duties preventive, until Egyptian Ministry of Trade complete investigations into the dumping lawsuits.

 

 

Egyptian imports of Turkish steel products 2010 – 2014 (ton)

Products

2010

2011

2012

2013

2014

Change %

Finished Products

640,894

421,924

534,984

291,112

513,313

76.33

Long Products

626,015

411,554

489,251

267,000

479,007

79.40

HRC

14,879

10,371

45,733

24,112

34,306

42.27

Pipes

44,148

45,866

11,700

30,222

34,052

12.67