Mexico’s Ministry of Economy has concluded its antidumping investigation into hot-rolled (HR) steel imports from China and Vietnam, imposing definitive compensatory duties on the affected products.
The investigation covers flat products of carbon or alloy steel, hot rolled, pickled or unpickled, uncoated and up to 25.4 mm thick, regardless of width. The scope includes HR coils, sheets, plates, strips and other forms of HR steel.
Imports from China and Vietnam increased 132pct during the period analyzed. In the investigation period of September 2023-August 2024, they accounted for 14pct of Mexico’s total HR steel imports, compared with 9pct in the first period. Their share of apparent national consumption increased from 1.9pct to 3.7pct.
China accounted for 5pct of total imported volume in the investigation period, while Vietnam represented 9pct. The Mexican authority also found that the investigated imports were offered below domestic material and contributed to a threat of injury to the domestic industry.
The definitive duties were set at USD 308.7 per ton for Shanghai Meishan Iron and other Chinese exporters, USD 305 per ton for Wuhan Iron and USD 307 per ton for other participating Chinese producers. For Vietnam, the duties were set at USD 285.5 per ton for Hoa Phat Dung Quat and other Vietnamese exporters, and USD 271.9 per ton for Formosa Ha Tinh.
The measures apply to imports originating in China and Vietnam, regardless of the country of shipment, and cover the relevant Mexican TIGIE tariff codes, including 7208.10.03, 7208.25.02, 7208.26.01, 7208.27.01, 7208.36.01, 7208.37.01, 7208.38.01, 7208.39.01, 7208.40.02, 7208.51.04, 7208.52.01, 7208.53.01, 7208.54.01, 7208.90.99, 7211.13.01, 7211.14.91, 7211.19.99, 7225.30.91, 7225.40.91 and 7226.91.07.