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| The Reality of Monopoly in Ezz Steel Company for Iron and Steel: A Descriptive Study |
AbdElaal AbdAllah AbdElaal, Mazen J. Al Shobaki, Samy S. Abu-Naser, Suliman A. El Talla
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Abstract:
The study aimed to identify the dominance and monopoly of Ezz Steel on steel companies in Egypt to obtain a greater percentage in the Egyptian market. And reaching some conclusions and recommendations that limit the dominance, control and monopoly of Ezz Steel Company. The study adopted the descriptive analytical method. The study population consists of customers (steel dealers and agents) in the Canal and Sinai region in Egypt. The results of this study showed the importance of the state's role in setting laws to protect competition, prevent monopolistic practices, and set controls to protect customers. The study presented a set of recommendations, the most important of which are: The necessity of adhering to the provisions of Law No. 3 of 2005 regarding the protection of competition and the prevention of monopoly and the identification of strategic industrial sectors to reduce the impact of monopolistic practices of major industrial companies to prevent monopoly. The importance of setting effective controls for the process of merger and acquisition among public monopoly projects so that the monopoly does not shift from the public sector to the private sector. The necessity of monitoring and directing privatized companies not to establish any monopolistic entity.
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