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Mexico extends duties on Chinese steel chain

Mexico has extended antidumping duties on imports of welded steel link chain from China.

Following a sunset review, the economy ministry agreed to continue the duties at their current rate of US$0.50/kg for five years starting July 18.

The duties were originally imposed at US$0.73/kg following an investigation in 2003, and lowered after a review in 2010.

The current review was conducted following a request by Mexican steelmaker DeAcero, which claimed the current duties have not been sufficient to prevent damage to Mexican producers and warning the imports would increase if the duties were removed.

Imports of steel and steel products from China at below fair value are seen as a key threat to Mexican producers.

The country has imposed antidumping duties this year on steel plate and tube imports from China; amended duties on Chinese radio guide coaxial cable; launched an investigation into imports of cold-rolled steel sheet, and completed preliminary investigations into steel cable and mesh imports from the Asian country.

Source – Business News

(www.nctv.net)

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