The Egyptian "Iron Ezz" is objecting to European spillage costs

The Egyptian “Ezz” business prepares itself to submit a memorandum of objection to the elements used by the European Commission to calculate temporary dumping costs for its products, as an official in the company revealed to “Al Sharq”. The official, who refused to reveal his identity because of the sensitivity of the case, confirmed that the obstacle will be presented “within days”. The commission granted the relevant authorities for a 3 week period to apply. The European Commission announced on Friday the imposition of temporary dumping costs on Egypt, Japan and Vietnam from April 7, with the official decision and a final decision will be made during next October. The Commission Statement indicated that it was imposing the initial fees of 15.6% on the import of flat steel from Egypt. The impact of the decision on Egyptian exports, Tariq Al -Jayoushi, a member of the Chamber of Mineral Industries in Egypt, said in an interview with ‘Al -Sharq’ that the Egyptian Ministry of Investment will hold a session of consultations with the European Union over the review of the protection fees of the steel products, discussed, and the frame marks placed by the procedure decided on Egyptian exports. “In August, ‘Ezz Hadid’ received a notice from the European Trade Committee stating that the anti -stamping investigations were started with the import of hot steel conducted by Egypt, India, Japan and Vietnam, to a complaint presented by the European Steel Association (Eurofer). website has been published, said that the complaint demands the application of anti -stamp fees to Egyptian exports, and thus on the export of ‘Ezz stealing’ as the only Egyptian source of the flat steel, which is warm for the European Union.