Trade Cases
Mexico Keeps Duties on Russian, Romanian, Ukrainian Plate Imports
Written by David Schollaert
March 22, 2022
Mexico has extended for another five years its existing countervailing duties against imports of Russian, Romanian and Ukrainian steel plate. The trade policy has been in effect since 2005; the latest determination is retroactive to Sept. 22, 2020.
Following a filing from domestic producer Altos Horns de Mexico (AHMSA), the Mexican secretariat’s determination “established sufficient evidence” its steel industry would suffer injury should the antidumping measures expire.
The latest countervailing tariffs cover plate, medium plate, heavy plate, HRC steel plate, and cut-to-length steel plate products under HS codes 7208.51.04, 7208.52.01 and 7225.40.06.
Previously imposed compensatory quotas against Russia, Romania and Ukraine remain in effect, ranging from 36.8% to 60.1% depending on the product’s boron content, shape and thickness.
In 2021, Russia exported roughly 3.6 million tons or 12% of its semifinished and finished steel products into Mexico.
By David Schollaert, David@SteelMarketUpdate.com
David Schollaert
Read more from David SchollaertLatest in Trade Cases
Mills allege ‘critical circumstances’ in CORE trade case vs. South Africa, UAE
"Recent activity in the marketplace strongly indicates that these imports are being rushed into the United States in an effort to avoid the imposition of antidumping duties," petitioners said.
European Commission eyes retaliation vs. Trump steel tariffs: Report
The European Commission is looking into making current quotas on steel imports stricter as a countermeasure to President Trump’s recently announced tariffs on steel and aluminum imports to the US, according to an article in Reuters.
Trump could levy tariffs on auto imports in April: Report
President Donald Trump said last week that he could place tariffs on auto imports, according to an article in Politico.
Section 232 tariffs are headed downstream
The Trump administration has revealed the list of derivative steel products being added to the Section 232 tariff list.
Leibowitz: In Trump’s brave new world of tariffs, what will stick and what will courts challenge?
With a chronic trade deficit, the administration will continue to cite more tariffs as necessary. This is in error, as noted above. Yet the base of President Trump’s support does not see it that way. More tariffs are possible. But the only way to reduce the US trade deficit substantially is to close the gap between savings and investment in the United States.