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Egypt mulls anti-dumping action against Turk steel
22/01/2010 12:00
CAIRO (Reuters) - Egypt is looking into possible anti-dumping action against Turkish steel imports, the Egyptian trade minister said on Tuesday after talks with his Turkish counterpart in the Egyptian capital.
Egypt, where the need for housing and government infrastructure spending has kept steel demand relatively resilient, has been a major regional market for Turkish steel.
An executive from Egypt's largest producer Ezz Steel said in November that local steel makers were seeking action against dumping because of surging imports.
"There is ... research taking place about dumping," Egyptian Trade and Industry Minister Rachid Mohamed Rachid told reporters when asked about the rise in Turkish imports and complaints from Egyptian producers.
"We are looking at all legal procedures," he said.
Both ministers said they were keen to see trade between the two Mediterranean states rise.
Turkish Industry and Trade Minister Nihat Ergun told the joint news conference that they were considering cancelling visa requirements to encourage trade, investment and tourism between the two countries.
Tue Jan 19, 2010 9:39am GMT
Source: af.reuters.com
Egypt, where the need for housing and government infrastructure spending has kept steel demand relatively resilient, has been a major regional market for Turkish steel.
An executive from Egypt's largest producer Ezz Steel said in November that local steel makers were seeking action against dumping because of surging imports.
"There is ... research taking place about dumping," Egyptian Trade and Industry Minister Rachid Mohamed Rachid told reporters when asked about the rise in Turkish imports and complaints from Egyptian producers.
"We are looking at all legal procedures," he said.
Both ministers said they were keen to see trade between the two Mediterranean states rise.
Turkish Industry and Trade Minister Nihat Ergun told the joint news conference that they were considering cancelling visa requirements to encourage trade, investment and tourism between the two countries.
Tue Jan 19, 2010 9:39am GMT
Source: af.reuters.com
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