|13 Oct 2010||Initiation|
ANNOUNCED AS TEMPORARYNo
On 13 October 2010, the Ministry of Trade and Industry has initiated anti-dumping investigations into steel bars (from 6mm to 50mm in diameter in the form of rods, coils, bars made of billet used in general in the construction sector) originating in or exported from Turkey. The investigation is in response to a petition filed by the Egyptian Chamber of Metallurgical Industries on behalf of El-Suez for Steel, Port Said National Company for Steel, El-Suez for Iron and Metal Industries, Ezz for Steel, Ezz El-Dekhela, El-Ezz Factories for Rolling.
The petitioners allege the existence of dumping on a comparison between the average export prices of the product concerned from Turkey to Egypt with the average selling prices of the product concerned in the Turkish market at the same level of trade. The result was the existence of a dumping margin exceeding 2% and hence above the de minimis threshold.
The allegation of injury is based on a significant increase in the volume of the allegedly dumped imports of the product concerned from Turkey and the volume of these imports exceeded 3% of the total imports from all countries of the product concerned in Egypt. Material injury is represented in a number of ways including a decline in the market share, decline in the rate of return on investment and inability to raise capital.
On 7 July 2011, the investigation was closed without evidince of causal injury. No duties have been imposed.
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