Four Egyptian steel producers suspend production on imports

09/11/2009 12:00 - 514 Views

Daily News Egypt reported that 4 steel producers suspend production due to accumulated inventory resulting from competition with imported steel.

The companies are Misr National Steel, Al Obour, October Steel and Al Menoufia.

Sources within the industry assured that other companies are on their way to stop production such as Al Marakby Steel.

The Ministry of Trade and Industry described this move as a maneuver to ask for antidumping fees.

from Daily News Egypt

Wednesday, 04 Nov 2009

Source: steelguru.com
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