Mexico has initiated a revision of the final offset quota for imports of cold-rolled flat products from China. This is according to a document from the Mexican authorities. The compensation quota was originally introduced in June 2015.
According to the Official Gazette of the Mexican Federation of Mexico, Ternium México and Altos Hornos de México (Ahma) complained that the removal of duties would negatively affect domestic production.
The compensation quota was originally set at 65.99% for imports of cold rolled flat products from Baoshan Iron & Steel Company, and 82.08% for Tangshan Iron and Steel Group. Imports from Beijing by Shougang Cold Rolling Company, Shougang Jingtang United Iron & Steel Company and all other Chinese companies were subject to 103.41% duty.
The investigated products are classified according to the TN VED codes 7209.16.01, 7209.17.01, 7225.50.02 and 7225.50.03.
The Mexican Economy Secretariat (SE) has determined that the investigation period should be from 1 April 2019 to 31 March 2020. The analysis period is from April 1, 2015 to March 31, 2020.
The compensation quota will remain in effect throughout the current review.