At the request of the Mexican companies Aceros Camesa and DeAcero, the Mexican government began the second sunset review of imports of steel cable imported from China, the Ministry of Economy reported in the official gazette of the federal government (DOF).
The trade authority set the examination period from October 1, 2023 to September 30, 2024 and the analysis period from October 1, 2019 to September 30, 2024.
The product under investigation is imported under tariff codes 7312.10.01, 7312.10.05, 7312.10.07 and 7312.10.99 of the Tariff of the General Import and Export Tax Law (TIGIE).
Since December 2014, the Ministry of Economy decreed an antidumping tariff of $2.58 per kilogram, which is equivalent to $2,580/mt. In May 2021, the authority decided to keep the rate unchanged, which is in force until now.
A brief calculation by SteelOrbis shows that this tariff rate has depreciated 34.4 percent, just due to inflation. At present value it should be $3,466/mt.
A decade ago, the largest producer of steel cable in Mexico was Aceros Camesa with a market share of 58.0 percent and DeAcero had the remaining 42.0 percent. The main importer of the product was the Mexican company Servicables.
Camesa has four production plants, two in the metropolitan area of Mexico City (Cuautitlán and Vallejo), another in Rosenberg, Texas (United States) and in Lima, Peru.