Provisional tariff over certain Chinese steel imports not enough to help Mexico

Monday, 01 February 2016 21:48:49 (GMT+3)   |  
       

A provisional 15 percent tariff over certain Chinese steel imports into Mexico isn’t enough to help the Mexican steel industry, which struggles with imported steel from China, a Mexican steelmaker said.

According to Santiago Rico, marketing director at ArcelorMittal Mexico, the provisional 15 percent tariff over the imports of slab, CRC, HRC, heavy plates and wire rod from China, aren’t being sufficient to minimize the effects that the imported steel from the Asian country caused to the Mexico’s domestic market.

The executive said Chinese steel imports “unbalance” the market in such a “predatory and illegal way” through artificial prices.

ArcelorMittal Mexico, which is a member of the National Chamber of Iron and Steel Industry (CANACERO), said the extending of the 15 percent tariff is being “analyzed.” The executive explained the measure could be extended in both terms of time and range of products included in the resolution.


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