CRU
January 2, 2024
CRU: Mexico imposes import tariffs on Vietnamese steel
Written by CRU Americas
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.
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