Mexico maintains tariffs on steel products from Portugal – Industry
The Ministry of Economy of Mexico reported today that it will maintain five-year taxes on used steel products from Portugal, Spain and China that are used in civil construction.
“The definitive validity of the compensatory quotas is extended (…) another five years, counted from February 27, 2021”, that ministry communicated in the Official Gazette of the Federation (DOF) – equivalent to the Diário da República.
In order to prevent imported products from being sold, they can be cheaper for the producers of this material.
According to the resolution published in the DOF, the Mexican government concluded that “there are sufficient rights” to determine the elaboration of a determination on the Spanish and Chinese decisions “of the Portuguese origin of the continuation or repetition of ‘dumping’ and of damages to the industry national”.
The federal agency had detected undervaluations of up to 23% of steel products originating in three countries, in relation to the national price, in 2021 and 2022.
The Ministry of Economy recommended the market productivity, internal jobs, internal income, and revenue from sales to the internal market.
“Importers who, according to this resolution, must not pay as compensatory quotas, must confirm that the country of origin to be presented is different from China, Spain and Portugal,” he added.
The Ministry of Economy also published in the period starting in September 2002 from April 20, 20 to apply to China’s vinyl (PVC) protection measures.
PVC is used in various sectors such as civil construction, healthcare, automobile economy and other industrial units.
The investigation is carried out at the request of Mexican companies Plásticas and Plami, which stated that there was “a non-significant increase in the volume of PVC installation, rigids of international origin from China and prices, below ‘dumping'”.
According to how, this “caused material damage to national production, which was reflected in negative effects on its main material and financial”.