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Home Steel News Mexico reviews effectiveness of import quota on South Korean CRC
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Mexico reviews effectiveness of import quota on South Korean CRC

27 Aug 2018 14:45 reported by Iona Chen

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According to the report, Mexican government has begun to review the effectiveness of import quota on imports of cold-rolled coils (CRC) from South Korean steelmaker POSCO and Hyundai Hysco Co., Ltd. The customs code of involved products were 7209.16.01, 7209.17.01, 7209.18.01,7225.50.02, 7225.50.03, 7225.50.04 and 7225.50.99. The petitioners for the application were Ternium Mexico S.A. de C.V. and Altos Hornos de Mexico, S.A.B. de C.V. (AHMSA).

The Mexican government has conducted the inspection of anti-dumping duty on South Korean CRC since June 2013, while imposing countervailing duties for Hyundai Hysco and POSCO by 6.45% and 60.40%, respectively.

After those enterprises agreed to export product depending on the measure of import quota from Mexico, the relevant investigation and tariffs were cancelled in December 2013.

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