The Egyptian Market State of Competition: The Steel Market Case Study

This paper examines the state of competition in the Egyptian context focusing on the steel market and Ezz Steel as a case study. It provides a comparative study between the US, European, Egyptian antitrust, and competition laws, to attain deeper understanding of the Egyptian competition policies such as tariffs, dumping fees and market entry restrictions, if any, were taken into consideration. It was established that Ezz Steel dominated nearly 65 percent of the market as well as being one of the two largest importers and producers of pellets. An estimation of social transfers has been conducted to estimate how Ezz Steel benefited from its position. A number of recommendations dealing with amending the Egyptian competition law as well as Ezz¿s Steel position are provided.