Mexico initiated the first anti-dumping sunset review investigation on Chinese steel sheets

Mexico initiated the first anti-dumping sunset review investigation on Chinese steel sheets

On September 27, 2019, the Ministry of Economy of Mexico announced in its official communique that, in response to the application of Mexican enterprise Altos Hornosde Mxico, S.A.B. deC.V., it had decided to launch the first anti-dumping sunset review investigation on Chinese steel sheets (Spanish: placade aceroenhoja). The TIGIE tax numbers of the products involved are 7208.51.01, 7208.51.02, 7208.51.03, 7208.52.01, 7225.40.01 and 7225.40.02. The dumping investigation period of this case is from July 1, 2018 to June 30, 2019, and the damage investigation period is from July 1, 2014 to June 30, 2019. During the investigation period, 33.98% of the anti-dumping duties applied to the products in question in China were still valid. The resolution shall come into force the day after its promulgation.

Comments

Post a Comment

Popular posts from this blog

POSCO Has Sought Import Assistance From Mexico

Image
It is understood that POSCO, South Korea's largest steelmaker, has sought import assistance from Mexico after failing to persuade the United States to lift its steel quota restrictions. According to the Korean steel giant, the company has asked the Mexican government to continue raising its import quota for cold-rolled steel sheets for automobiles over the next five years. Specifically, POSCO requires import quotas to increase from 547,500 tons this year to 585,000 tons next year, 606,000 tons in 2021, 633,000 tons in 2022 and 677,000 tons in 2023. In addition, Hyundai Steel, a Korean steelmaker, has made similar requests. The Mexican government is expected to respond within this year. The move follows Washington's announcement to lift a year-long steel and aluminum tariff on Mexico and Canada while maintaining quota restrictions on South Korean steel. To avoid imposing a 25% steel tariff from the United States, South Korea must keep its shipments below 70% of its annu...
Read more

Wanatiara Persada Rail Plant: $600 Million to be Operational by the end of the year

Image
Recently, Arif S. Tiammar, senior adviser to PT Wanatiara Persada, said that the company's refinery in Obi Island, North Maluku Province, has progressed 93%, the plant has a production capacity of 260,000 tons, nickel content of 15%. He said the nickel-iron refinery has four processing facilities and the first production line is now in operation, with the subsequent third expected to be operational in 12 months. Operationally, the refinery produces 2 million tons of ore per year. At the same time, the nickel mine at the iron refinery will be supplied by a mine owned by pt wanatiara persada, which has a production and operation mining licence (IUP OP). However, without too many reserves, ARIF said it would enter mining supplies from other mines. In terms of investment, the railway plant costs up to $600 million. According to PT Wanatiara Persada,'s Aneka Tambang Tbk railway plant aims to become one of three rail plants to operate in 2019. In addition to the Wanatiar...
Read more

Steel Export Tax Rebate May be cut to 9% or Cancelled

Image
  According to relevant reports, the Asian steel market has been talking about the possibility of China cutting the steel export tax rebate from the current 13% to 9%, or abolishing it altogether. Since the end of January, the industry has revealed more and more details. A dealer said that this may be in line with the direction of the central government's policy of reducing steel production capacity. Reducing the export tax rebate will force steel mills to rely more on the domestic market rather than increase production to meet the overseas market. Analysts believe that whether it is down or canceled, the impact is not small, all steel prices are bound to rise. This means that the domestic steel mills will no longer be the main players in the overseas market, and the export market will empty the supply gap, which will boost the spot price. This is indeed good news for global steel mills, because China's steel products are no longer the cheapest, which greatly reduces the pres...
Read more