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Mexico extends tariff on steel tubing imports from the U.S.

The tariffs, which apply to steel pipes with straight longitudinal seams, will be extended until May 2020.

(Photo: Archive/El Universal)
12/07/2016 |12:21Reuters |
Redacción El Universal
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Mexico extended a tariff on imports of steel carbon pipes from the United States on Monday and announced a separate tax on ferromanganese from South Korea, in moves to protect local production.

A resolution, published in the official gazette by the Economy Ministry, extended a tax of 6.77 percent on pipe imports manufactured by Berg Europipe Holding Corporation and a tax of 4.04 percent for imports made by Berg Steel Pipe Corporation.

It also extended a separate tax of 25.43 percent for imports from all other U.S. steel companies.

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The tariffs, which apply to steel pipes with straight longitudinal seams, will be extended until May 2020.

Separately, the Economy Ministry announced a provisional tax of 35.64 percent on imports of ferromanganese, a steel deoxidizer, coming from South Korea, amid an investigation into price discrimination.

The Mexican government will also enforce tariffs on Chinese imports of cold-rolled steel sheets with boron greater than or equal to 0.0008 percent.