Canacero to fight US CVD investigation against fabricated structural steel

Wednesday, 10 July 2019 00:41:29 (GMT+3)   |   Sao Paulo

Mexican steel association Canacero has asked for the support of the nation's government to fight affirmative preliminary determinations of countervailing duty (CVD) investigations by the US on the of imports of fabricated structural steel (FSS) from China and Mexico.

Canacero denied the findings of the US Department of Commerce (US DOC), which argued Mexican companies, including Building Systems de Mexico, Corey S.A, Acero Technologia, Construcciones Industriales Tapia, Estructuras Metalicas la Popular, Swecomex – Guadalajara, and Preacero Pellizzari Mexico S.A were provided subsidies for exporting the product.

“The Mexican steel industry gets no subsidies (for FSS),” Canacero said in a statement this week.

“The subsidies the US claims are non-specific industrial development programs for the steel industry. They are not sanctionable under (the rules of) the WTO and are applied in many countries, including the US,” Canacero’s letter said.

The steel association said it will appeal the decision, along with the Mexican government to revert the US decision.

“We urge Mexico’s economy secretariat, SE, to establish a defense strategy in this case, since the argument is that Mexico provides subsidies to its industry, which is totally incorrect and would open a precedent that could affect a significant part of exports and all the domestic (steel) industry,” Canacero said.



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