Mr Mohamed Sayyed Hanafi DG of Egypt's Metallic Industries Chamber has stated that the domestic bolts industry, steel structures industry and aluminum sections industry have recorded reasonable export performances and are calling for some export subsidies as possible support.

Mr Hanafi stated that "These three industries have succeeded, over the past few years, in penetrating several African and European markets. While bolt exports in 2010 reached EGP 100 million divided between factories, steel structure exports during the same year exceeded EGP 300 million divided between 4 factories and aluminum section exports reached EGP 280 million divided between eight factories."

All 21 factories have their local raw materials base and domestic market support which translates into huge backup potential for those factories to orchestrate their export pricing policies. Accordingly, serious observers have inquired about possible support in the form of export subsidies to the domestic industries in question.

(Sourced from Steel Orbis)
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