Egypt has announced a preliminary protective duty of 16.2 percent with a minimum rate of 4,613 Egyptian pounds/mt, effective for 200 days starting on September 14, 2025, as previously reported. SteelOrbis.
Islam Al-Gioshi, the company's CEO, said: "Although we recognize the stated purpose of this decision, which is to protect the national industry, we express our disagreement with its timing."
According to the company's statement, the local market continues to suffer from a clear gap between demand and the actual production capacity of existing ingot factories, which remains insufficient to meet the needs of rebar manufacturers.
Market impact
Price spike: After the decision was made, local bullion prices jumped by 3,000 EGP/mt, and some producers increased prices by another 2,000 EGP/mt.
Quality problems: Several ingot factories rely on outdated induction furnace technology to produce substandard material. Despite the fact that 14 new plants were put into operation this year, some of them do not meet the basic technical standards.
Rebar costs are rising: Rising billet prices have led to increased rebar production costs, which ultimately burdens end users with additional costs.
A warning that if the conditions
