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
Commerce says welded line pipe duties should continue
The US Department of Commerce has determined that anti-dumping and countervailing duties (AD/CVDs) on welded line pipe imports from China and Japan should remain in place for five more years.
Leibowitz: Thoughts for the holidays
At holiday time, it’s customary to think about what’s happened during the year gone by and what to hope for (or brace for) in the next.
Fitch warns more tariffs will pressure global commodity markets
“New commodity-specific tariffs, mainly on steel and aluminum products, could widen price differentials and divert trade flows,” the credit agency forewarned.
Commerce increases import duties on Korean galv, plate
The Commerce Department is raising the import duties on imports of corrosion-resistant sheet and cut-to-length plate from Korea.
Leibowitz on trade: Why is protectionism so popular?
The world has had a few shocks recently. The CEO of a major health insurance company was gunned down in Manhattan. The 50-year Assad dynasty in Syria was pushed out less than two weeks after rebels started an offensive. And President-elect Trump is promising tariffs on everything a month before he takes office. But one shock has been taking place for a lot longer than the last few weeks. The 70-year consensus on trade hasn’t just been challenged. It’s been repudiated.