Canacero urges renewal of Mexico’s 15 percent duty on certain steel imports

Thursday, 31 January 2019 00:28:29 (GMT+3)   |   Sao Paulo

The Mexican steel association, Canacero, urged the nation’s president Manual López Obrador to renew a 15 percent tariff on the imports of certain steel products, it said on Thursday. The 15 percent tariff applies to imports of slab, CRC, HRC, heavy plate and wire rod from China and other countries with which Mexico does not have trade agreements.

The duty was first introduced in October 2015 for six months and was renewed several times. It expires today, Jan. 31.

Canacero argued the local steel industry has been in a crisis due to world’s steel surplus, as well as the 25 percent import tariff the US imposed on Mexican steel exports.

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