Mexico extends anti-dumping duties on Russian steel products

The Mexican government announced that the anti-dumping customs duties applied to thick carbon steel plate and alloy steel of Russian origin have been extended. These restrictions, which were implemented in 1996, continued for 28 years. The extended tax rate will be 29.3%. Additionally, a 25% additional customs duty will be applied to steel products within the scope of Customs Group 72 entering Mexico from countries that do not have a free trade agreement, from August 2023 to July 2025.
The measure in question was implemented to prevent the re-export of steel products to the USA. U.S. officials are pressuring Mexico to limit shipments of rolled steel products to the United States. In a bid to tighten control, Mexico's Ministry of Economy has required all exporters of steel products to submit a certificate of origin since April 16.