Mexico is considering renewing an existing 15 percent import tariff over certain steel imports from China and other countries it does not have trade agreements with.
The existing 15 percent tariff applies to imports of slab, CRC, HRC, heavy plate and wire rod. The duty was first introduced in October 2015 for six months and was renewed several times. Mexico’s economy secretariat, SE, last renewed the provisional duties in October last year for six months. The existing duty expires in April this year.
Echoing Mexican steel association Canacero’s recent comments, Mexican integrated steelmaker Altos Hornos de Mexico (AHMSA) said Mexico should impose “similar” duties to the countries it doesn’t have trade agreements with.