Trade Cases
CANACERO Praises AD Duties on Galvanized Sheet and Wire Rod from China and Taiwan
Written by Sandy Williams
August 11, 2016
Mexican steel association CANACERO welcomed antidumping duties placed on galvanized sheet steel and wire rod imported from China and Taiwan. The Mexican Ministry of Economy placed duties of up to USD$0.563 per kilogram on galvanized sheet from China and Taiwan and USD$0.49 per kilogram on wire rod from China.
Said CANACERO in a statement: “Unfair imports, fueled by production overcapacity in China and predatory practices from other countries, have seriously distorted the global steel markets and constitute the main threat to the domestic steel industry and its value chain; illegally capitalizing on domestic consumption to the detriment of the production plant, jobs, investment, product quality, research and development.”
According to CANCERO, 29 investigations of unfair trade practices were resolved during the current administration, three times of that of the previous two presidential terms. The main targets of the investigations were China, Russia, Ukraine, India, Spain, Korea, Japan, and Taiwan. In 2015 imports of steel products represented 47.3 percent apparent national consumption. As a result capacity utilization dropped to 60 percent and more than 10 thousand jobs were lost.
Mexico has seen a surge in manufacturing investment but the continued distortion of the steel market by overcapacity in China, subsidies, state enterprises, dumping and currency manipulation has hurt the ability of domestic manufacturers to compete, said CANACERO.
“In this context, the federal government has recognized the need to use all legal mechanisms that Mexico has in the WTO to defend the national production and jobs,” said CANACERO.
“We recognize and appreciate the actions that the federal government through the Ministry of Economy has taken in defense of national production and jobs.”
Sandy Williams
Read more from Sandy WilliamsLatest in Trade Cases
Price on Trade: Auto tariffs, auto parts, and Hyundai – a world of rapid changes
Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).
CRU: Canacero urges Mexico-US partnership to fend off Asian steel imports
Victor Cairo, head of Mexico’s steel sector body Canacero and CEO of ArcelorMittal Mexico, says he is confident negotiations between the Mexican and US governments planned for April 2 will lead to the creation of a regional block to substitute imports, especially from Asia.
US chassis makers seek duties on imports from Mexico, Thailand, and Vietnam
Upon the request of US chassis manufacturers, the Commerce Department this week initiated investigations into the alleged dumping and subsidization of chassis imported from Mexico, Thailand, and Vietnam.
European Commission eyes stricter limit on tariff-free steel imports
The European Commmission is reducing the amount of tariff-free foreign steel that can enter the EU.
Trump says exceptions could exist on reciprocal tariffs
President Trump said on Monday there may be exceptions for some countries on reciprocal tariffs.