Mexico Increases Import duty Rates for Steel Products

Posted by Matt Schmitt on 3/26/19 5:00 PM

On March 25, 2019, the government of Mexico announced an increase in duty rate on imports of certain steel products into Mexico. 

The notice, published in the Diario Oficial, listed 186 commodity subheadings in Harmonized Schedule (HS) chapters 72 and 73 that would be subject to an increased duty rate of 15%. The steel commodities subject to the increased duty rate include:

  • Sheet plates;

  • Rolled plates;

  • Cold rolled sheets;

  • Hot rolled laminate wire rods;

  • Seamless and  welded tubes;

  • Coated sheets, rods and profiles.

The notice also included a list of 11 commodity subheadings that will be subject to a 0% import duty rate when imported under several Promotional Sectorial Programs. The measure will be valid for 180 days and will be enforced starting March 26, 2019.

 

The Diario Oficial notice can be found here:

http://dof.gob.mx/nota_detalle.php?codigo=5555007&fecha=25/03/2019

Topics: Tariffs, Steel, Mexico