Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Mexican Secretariat of Economy has imposed countervailing duties (CVD) on stainless cold-rolled coil (CRC) imports from China and Taiwan.


Duties on stainless cold-rolled coil exported to Mexico were set at $0.63/kg on all Chinese companies that exported that product, and at $0.61/kg and $0.05/kg on Taiwan’s Hoka and YLSS companies, respectively, the ministry said in a resolution published in the country’s official gazette (Dof) on Oct 1.


The probe was opened in January 2019, following a request from Outokumpu Mexinox, which produces coil and strip, sheets, circles, and plate materials at its stainless steel finishing mill in San Luis Potosí, Mexico.


The products affected are classified under the tariff codes 7219.34.01, 7219.35.01, and 7220.20.02, according to the Dof notice.


The Mexican government noted in the Dof that stainless CRC from China was shipped to Mexico at prices that were 14pc below the domestic prices, while the Taiwanese firms exported them at 23pc below local Mexican prices.


The government did not disclose the date for the conclusion of duties.

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