Trade Cases
CRU: Mexico imposes import tariffs on Vietnamese steel
Written by CRU Americas
January 2, 2024
The Mexican government has placed anti-subsidy (CVD) duties of almost 80% on cold-rolled (CR) sheets from Vietnam, with the caveat that if the importer can prove the steel comes from a country other than China then it is exempt from the levy.
Following an investigation lasting nearly two years, the Ministry of Economy concluded there was sufficient evidence imports of CR steel originating in Vietnam were conducted under conditions of price discrimination, causing a threat of injury to the domestic industry, according to media reports.
The probe was requested by local producer Ternium Mexico claiming unfair international trade practices by way of price discrimination.
The ministry imposed CVD tariffs of 11.64% for imports from Hoa Phat, 25.64% from Posco Vietnam, and 79.24% from all other exporters.
This article was first published by CRU. Learn more about CRU’s services at www.crugroup.com.
CRU Americas
Read more from CRU AmericasLatest in Trade Cases
Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.
Price: One-off deal for the UK, pause in China trade war, and more
International trade remains at the forefront of President Trump’s agenda, especially as new negotiations and investigations continue to be announced.
Three Italian CTL plate companies get AD duties, two removed
Commerce began a review of five producers/exporters: NLMK Verona; Officine Technosider; F.A.R. Fonderie Acciaierie; Ferriera Valsider and Metinvest Trametal.
Commerce lays out final results for CVD review on certain Korean CR products
The period under review is Jan. 1, 2022, through Dec. 31, 2022.
Commerce gives final CVD results on certain Korean CORE products
The US Commerce Department has provided the final results for the countervailing administrative review of certain corrosion-resistant steel products (CORE) from South Korea.