Mexico Reviews Tariffs On Cold-rolled Sheet From China

According to Kallanish, a document from the Mexican authorities shows that Mexico has begun to review the final compensatory substitution for tariffs on cold-rolled steel sheet imported fro Chinese stainless steel pipe fittings supplier. The compensation was initially implemented in June 2015.

According to the Mexican Federal Official Gazette (DOF), Ternium México and Altos Hornos de México (Ahmsa) said that the removal of tariffs will have an impact on domestic production.

The Beijing Shougang Cold Rolled Company, Shougang Jingtang United Steel Company and all other compensatory initially imposed a 65.99% tariff on cold-rolled sheets of Baoshan Iron and Steel Co., Ltd. and an 82.08% tariff on cold-rolled sheets of Tangshan Iron and Steel Group. The products of Chinese companies are subject to a tariff of 103.41%.

The customs codes of the products under investigation are: 7209.16.01, 7209.17.01, 7225.50.02 and 7225.50.03.

The products under investigation are classified as HS codes 7209.16.01, 7209.17.01, 7225.50.02 and 7225.50.03.

The Mexican Economic Constitution establishes the investigation period from April 1, 2019 to March 31, 2020, and the analysis period from April 1, 2015 to March 31, 2020.

During the review tariffs On cold-rolled sheet period, the compensation will continue to be implemented temporarily.

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About Cold Rolled Steel

Cold rolled steel sheets offer a variety of outstanding properties, including easy formability and a smooth, clean surface, and are used in automobiles, appliances, furniture, and many other everyday items.

Cold rolled steel is essentially hot rolled steel that has had further processing. The steel is processed further in cold reduction mills, where the material is cooled (at room temperature) followed by annealing and/or tempers rolling.

This process will produce steel with closer dimensional tolerances and a wider range of surface finishes.

The term Cold Rolled is mistakenly used on all products, when actually the product name refers to the rolling of flat rolled sheet and coil products.