The Chilean government has set a definite anti-dumping (AD) duty over imports of Mexican rebar, according to a decision published late this week at the country’s official gazette, Diario Oficial.
According to the local government, Mexican imports of rebar will pay an ad-valorem, definite tariff 9.8 percent for a period of one year, effective on September 17, 2016.
Chile’s current decision replaces a previous resolution applied to the same product, in which Mexican rebar was paying a provisional ad-valorem 11 percent tariff.
CAP Acero and Gerdau, the country’s major steelmakers, said the 9.8 percent tariff was “insufficient.”
The companies claim a 27.5 percent AD duty to compensate what they label as “distortions” in the prices of the imported product from Mexico.
Mexican longs producer Deacero said it stopped shipping steel to Chile as a result of the duties. Clients selling Deacero’s longs are using the remaining inventory they have.
The products subject to the 9.8 percent tariff currently fall under the following Chilean HTS codes 7213.1000, 7214.2000, 7227.9000 and 7228.3000.