Mexico Starts Safeguard Steps As Steel Shipments Surge — Panjiva


Mexico Starts Safeguard Steps As Steel Shipments Surge

Materials - Metals/Mining 482 Metals - Steel 360 Mexico 505 Tariffs 1169

The Mexican government has reimposed steel duties of 15% on imports from non-free trade agreement countries. While those have been sporadically applied in the past they are another sign of the prevalence of steel safeguarding tariffs as a response to America’s section 232 duties. Mexico’s steel imports from non-FTA countries increased 23.0% year over year a 23.0% to reach $7.47 billion in 2018. A further 13.9% increase in the first two months of 2019 suggest little let up in diversions from the U.S. The largest non-FTA shipper in 2018 was Posco with $1.01 billion of deliveries foll...

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