Egypt proposes definitive safeguard duties on HRC imports

Egypt has moved to protect its domestic steel industry, proposing definitive safeguard duties on imports of hot-rolled flat steel after an investigation found that a surge in shipments was causing serious injury to local producers.

Egypt's Trade Remedies Sector (TRS), the investigating authority under the Ministry of Investment and Foreign Trade, has recommended the application of duties for a three-year period, inclusive of provisional duties already in place, according to its notification to the WTO Committee on Safeguards released on February 18. The proposed duties,