On August 16, 2021, in the Diario Oficial, Mexico’s Ministry of Economy published the conclusion of the administrative review examining the validity of the countervailing duty imposed on cold rolled steel coils originating in China. This resulted in the confirmation of the previously imposed countervailing duty rate of 65.99% for imports from Baoshan Iron & Steel Co., Ltd.; 82.08% for imports from Tangshan Iron and Steel Group Co., Ltd.; and 103.41% for imports from Beijing Shougang Cold Rolling Co., Ltd., Shougang Jingtang United Iron & Steel Co., Ltd. and from all other exporting companies. These duties apply to goods classified in statistical breakouts 7209.16.01, 7209.17.01, and 7225.50.07. The duties are also extended five years from June 20, 2020. The resolution entered into force the day following publication.
For more information, please visit: https://www.dof.gob.mx/nota_detalle.php?codigo=5626636&fecha=16/08/2021