CRU: Mexico imposes import tariffs on Vietnamese steel

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.