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

The Mexican government has initiated an anti-dumping investigation on imports of carbon and alloy steel slabs from Brazil and Russia.


The decision was published by Mexico’s economy secretariat in the country’s official gazette of the federation (DOF) on Monday. 


The probe was opened on June 30, 2020, following a request from the ArcelorMittal México, the DOF said, adding that Mexican importers of these steel products include Ternium México, Altos Hornos de México, and Grupo Acerero.


The resolution indicated that steel slabs were being exported to the Mexican market at unfair prices. The products affected under this investigation are classified under tariff code 7207.12.99, 7207.20.99, 7224.90.02 and 7224.90.99. The investigation will continue, but the Secretariat of Economy gave no estimated time for its conclusion.


Mexico’s crude steel output reduced by 22.6pc to 1.15mn mt in July this year, from 1.48mn mt in the same month of 2019, according to the latest figures released by the World Steel Association.


Leave a Reply

Your email address will not be published.