The Mexican government has set up a pre-approval permits process on steel exports to the US, to prevent other countries such as China, from using Mexico’s regulations to get their steel shipments to the US.
As part of this process, the Mexican government has set up pre-approval permits for 63 finished and semi-finished steel products, the economy ministry said in a resolution published in the country’s official gazette (Dof) late on Friday, August 28.
The permits for finished steel products will be valid from September 4, 2020, to June 30, 2021, while those for semi-finished steel products will be valid from September 4, 2020, to December 31, 2020.
The agreement was developed to comply with the restrictions on US steel imports under Sec 232, the Dof pointed out.
Mexico’s steel exports to the US down
Mexico’s steel exports to the US fell by 30.3pc to 210,996mt in July this year, from 302,707mt shipped in the same month of 2019.
Shipments of carbon non-alloy steel products to the US from Mexico fell by 25.6pc to 168,876mt in July this year from 227,209mt shipped during the same month last year.
Mexico’s exports of alloy steel products to the US fell by 43.8pc to 40,085mt in July this year, from 71,382mt exported during the same prior-year period.