RSS   Newsletter   Contact   Advertise with us

Mexico imposes tariffs on Taiwan, China steel firms

Staff Writer | June 14, 2017
Mexico has initiated anti-dumping tariffs on certain flat coated steel exporters from Taiwan and China after it concluded that these firms sold their products at unfairly low prices in its market, the Ministry of Economic Affairs said.
China steel
Trade tensions   A 22.26 percent anti-dumping tariff
The decision to impose a 22.26 percent anti-dumping tariff on China Steel, the largest steelmaker in the nation, for its sales of flat coated steel products was made last week in the final ruling of an anti-dumping investigation, the ministry said.

CSC was the mandatory respondent in the case, it added.

Other Taiwanese exporters face a 52.57 percent financial penalty after Mexico found the firms to have caused material damage to their counterparts in the Latin American nation, the ministry said.

Mexico has also imposed a 22.22 percent anti-dumping duty on China’s Baoshan Iron & Steel, and a 22.26 percent tariff on Beijing Shougang, Shougang Jingtang United Iron & Steel, and Tangshan Iron & Steel, the ministry said.

Other Chinese steel exporters have been slapped with a 76.33 percent anti-dumping tariff, it added.