Steel Products Prices North America
October 1, 2015
Mexico Increases Steel Import Tariff by 15%
Written by Sandy Williams
Steel imports to Mexico will see a 15 percent increase in tariffs for the next six months. The government said it will impose the temporary increase on imports from countries that do not have a free-trade agreement with Mexico in an attempt to stem the surge of low-priced imports flooding the country.
Canacero, the Mexican Iron and Steel Industry Chamber, reports that steel imports increased 11.2 percent in the first eight months of 2015 compared to the same period in 2014. During the same period, Mexico’s total apparent steel consumption increased 9.7 percent and was completely absorbed by imports. Imports accounted for 47 percent of steel consumption from January through August.
