Mexico extends duties on welded carbon steel connections from China

Friday, 03 July 2015 01:46:28 (GMT+3)   |  
       

The Mexican government has extended for five more years countervailing duties on imports of welded carbon steel connections from China.

The decision was released Thursday by the nation’s ministry of economy just one day after announcing the extension of existing AD measures on imports of CRC from Russia and Kazakhstan.

According to the Mexican government, the duties will be applied for a period of five years, backdated from August 5, 2014. According to the resolution, which was published in the nation’s official gazette Diario Oficial Federal (DOF), imports of welded carbon steel connections from China will pay a $2.07 tariff for every kg of the product, or $2,070/mt.

According to the Mexican government, previous AD duties on imports of welded carbon steel connections from China significantly reduced the purchase of the product from the Asian country, but didn’t cause foreign exporters to lose the margins they had with the product.

According to the government, if the duties ended this year, Tenaris Tamsa would need to increase the product’s price domestically by 6 percent in 2015. Other adverse effects could include a 14 percent decrease in production volumes nationally, and a 39 percent reduction in the domestic sales of the product.


Similar articles

Mexico declines appeal for removal of AD duties on coated steel imports from China

24 Nov | Steel News

Mexico initiates AD probe on welded pipe imports from China

08 Dec | Steel News

Mexico applies provisional AD duties on Chinese and Taiwanese coated flats

29 Jul | Steel News

Mexico extends AD duty to include boron-added CRC from China

12 Jul | Steel News

Canacero: China’s 100-150 million mt cut in crude steel production not enough

06 Apr | Steel News

Mexico applies duties on Chinese wire rod; starts probe into CRC imports from China

23 Dec | Steel News

Mexico starts AD probe on coated flat steel imports from China and Taiwan

17 Dec | Steel News

Mexico extends duties on imports of concrete steel nails from China

11 Nov | Steel News

Mexico eliminates 64 percent tariff on steel screw imports from China

05 Nov | Steel News

Devaluation of China’s yuan to increase Mexican imports of steel

14 Aug | Steel News