Mexico Moves to Impose Sanctions on Chinese, Vietnamese Steel

SEATTLE (Scrap Monster): Mexico’s Ministry of Economy said it is moving toward imposing sanctions on steel companies from China and Vietnam over alleged dumping of hot-rolled steel imports, following evidence currently under investigation.

According to a notice published in the Official Gazette (DOF), the government has imposed provisional countervailing duties while the administrative procedure continues. The measure applies to imports of hot-rolled steel, a product widely used in the construction and automotive sectors.

The duties vary by company and country. For Chinese exporters, Shanghai Meishan Iron faces a tariff of US$0.20/kg, while Wuhan Iron is subject to US$0.21/kg. Other Chinese exporters will face duties ranging from US$0.22/kg to US$0.23/kg.

For Vietnamese producers, Hoa Phat Dung Quat will be subject to a duty of US$0.19/kg, while Formosa Ha Tinh and other exporters will face US$0.196/kg. The measures apply across multiple import regimes, including definitive, temporary and bonded warehouse entries.

The investigation was initiated following a complaint filed in November 2024 by Ternium. It covers import operations carried out between September 2023 and August 2024, as well as the alleged damage to the domestic industry during that period. If dumping practices are confirmed, the government could maintain or adjust the duties as permanent sanctions.

Courtesy: www.mexicobusiness.news