Mexican hot-rolled coil steel producers want the country's Ministry of Economy to impose antidumping duties of as much as 102.9% on imports from three countries, the Canacero trade association said Monday.
The ministry on Friday said it had opened an antidumping investigation of HRC imports from Germany, China and France.
According to Canacero, the petitioners who sought the duties -- Altos Hornos de Mexico (Ahmsa) and Ternium -- requested a duty of 27.2% for German HRC, 102.9% for Chinese HRC and 14.4% for French HRC.
In 2013, the period under investigation, "imports from these countries increased by 686%, directly affecting Mexican producers," the trade group said in a statement.
"Important volumes of this product entered the country at prices below the actual prices and are considered dumping -- and this, along with possible subsidies from the economies of origin -- have affected domestic steel plants' operations and their financial results," it said.
Under investigation are hot-rolled steel products, equal or greater than 600 mm wide, uncoated, with thickness of 4.75 mm or less, under HS codes 7208.36.01, 7208.37.01, 7208.38.01, 7208.39.01, 7225.30.02, 7225.30.03 and 7225.30.99.
Ahmsa's steelmaking complex in Monclova, Coahuila, has the capacity to produce 2.4 million mt/year of HRC. Ternium, based in San Nicolas de los Garza, Nuevo Leon, is capable of producing 2.8 million mt/year.
In 2013, Mexico consumed 3.04 million mt of HRC, down 12.9% from 3.49 million mt in 2012. Mexico's HRC output over the same period fell 10.2% to 2.52 million mt.
Source: Platts
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