9,031.64 TRY BIST 100 BIST 100
4.91 CNY CNY CNY
34.25 USD USD USD
37.57 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.80 TRY Interest Interest
79.74 USD Fossil Oil Fossil Oil
31.49 USD Silver Silver
4.45 USD Copper Copper
109.32 USD Iron Ore Iron Ore
367.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,910.16 TRY Gold (gr) Gold (gr)

U.S. Commerce confirms Mexican steel producers evading tariffs

The U.S. Commerce Department confirms Mexican steel producers are evading tariffs on concrete wire strand.

U.S. Commerce confirms Mexican steel producers evading tariffs

The U.S. Department of Commerce has announced a final ruling on September 27, confirming that certain Mexican producers of prestressed concrete steel wire strand (PC strand) have been circumventing existing anti-dumping tariffs. These tariffs, originally imposed in 2020, were meant to protect U.S. manufacturers from unfairly priced imports. However, an investigation revealed that some Mexican producers were making slight modifications to the PC strand before exporting it to the U.S., allowing them to avoid these duties.

The Commerce Department’s ruling asserts that this practice violated trade remedy measures and will result in stricter enforcement of tariffs on future imports.This decision is likely to have wide-reaching effects on both the U.S. construction industry and the Mexican steel wire sector. PC strand is a crucial material used in infrastructure and construction projects, and the imposition of stricter tariffs may lead to increased costs for U.S. builders.

At the same time, Mexican producers will face heightened scrutiny and potential financial losses as their access to the U.S. market becomes more restricted. The ruling aims to level the playing field for U.S. manufacturers who have struggled to compete with underpriced foreign imports.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

India’s steel imports increased by 41% in April-September 2024

Tuesday, October 8, 2024

Formosa Ha Tinh Steel increases HRC prices for December shipments

Tuesday, October 8, 2024

Yemen rebar prices rise by more than 50 dollars after surprise Chinese decision

Tuesday, October 8, 2024

Indonesian mining company acquires 30% stake in smelter owned by subsidiary of Tsingshan Group

Tuesday, October 8, 2024

U.S. weekly crude steel production sees yearly and weekly decline

Tuesday, October 8, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now