Mexico Wants Review Of U.S. Steel Rebar Quotas And Puts Steel Tariffs On Other Countries

As Mexico News Daily reported, last week Mexico’s Economy Ministry requested a review of antidumping quotas on steel exports to the United States under the framework of the United States-Mexico-Canada Agreement (USMCA). Specifically, the ministry asked a USMCA panel to assess whether the U.S. Department of Commerce’s antidumping quotas on U.S. imports of steel concrete reinforcing bars, or rebar, from Mexico.

The request comes after the Commerce Department found several Mexican exporting companies held dumping margins of between 2.3 percent and 16.28 percent. That determination came after a group of 14 U.S. senators asked the Biden administration to take action against a “surge” of Mexican steel imports, arguing that Mexico had violated a 2019 agreement in which both countries agreed to monitor the trade balances of steel and aluminum products. Read that letter here.

U.S. steel companies have argued an influx of Mexican metals has negatively affected the U.S. industry. Those companies want measures to prevent dumping.

Mexico’s request, posted in Spanish, is here.

Also last week: the Mexican government announced it will impose import taxes on steel and aluminum products from countries, including China, with which it does not have free trade agreements. The new tariffs will total up to 25 percent and will be in force from August 16, 2023 until July 31, 2025. Read more here.