Mexico May Slap Anti-Dumping Duties On Steel Imports

Mexico's Ministry of Economy has initiated an anti-dumping investigation on hot-rolled coil steel (HRC) imported from Germany, China and France.

Mexican steelmakers Altos Hornos de Mexico (Ahmsa) and Ternium have requested that anti-dumping duties be applied to imports of HRC from Germany, China and France at the rates of 27.2 percent, 102.9 percent and 14.4 percent, respectively.

The trade association for the country's iron and steel industry, known as Canacero, said in a statement that imports of HRC from the three countries under investigation increased by 686 percent in 2013, thereby "directly affecting Mexican manufacturers.

" The Ministry of Economy will seek to determine whether HRC from the three countries was sold in Mexico at below-market prices. HRC is used in the automotive industry, and in the manufacture of piping”.

Source: Tax News