Since the beginning
of this Administration, the Secretariat of Economy (SE, by its initials in
Spanish) and the National Chamber of the Industry of Iron and Steel (CANACERO,
in Spanish) agreed to attend, together, the concerns of the steel industry in a
global scenario that has deteriorated itself considerably in recent months.
The measures taken
include the 400% increase in the number of investigations initiated, compared
to the same period of the previous administration, so there are currently 31
anti-dumping quotas in force, and in the sector, of which 15 are for Chinese
During the working
meeting of 9 June, 2015, the Secretary of Economy, Ildefonso Guajardo, and
members of the Chamber, analyzed the effects of the decline in the global
demand for steel; its overcapacity registered in China; and the devaluation of
the ruble in Russia, as well as the effect that these events have had on the
Mexican steel market, concluding that in the first half of 2015, an unfair
competition from some Asian countries is evident; especially in the steel
products located at the base of the production chain.
Thus, in compliance
with the commitments of this meeting, during the month of June, two resolutions
that establish compensatory quotas for products such as rolled coil and cold
rolled steel in China and two other countries were issued; while ratifying the
quotas for Russia and Kazakhstan in cold rolled steel and steel connections.
Today, it was held
another meeting, where the Secretariat of Economy, in coordination with the
CANACERO, announced an additional package of administrative measures:
- Treatment of temporary imports (for companies not
Establish bonds to secure the compliance of the temporary import
programs IMMEX (Maquiladora and Manufacturing Industry and Export Services).
Adding 86 tariff fractions of steel products to the treatment of
"sensitive goods", which means that for its import, the companies
must demonstrate ex-ante different requirements.
Regulate imports based on its installed capacity and verifiable sales.
Permits of the Eighth Rule will be accepted; They will be consulted with
Expand the coverage of the Automatic Notice of Import, adding 21 new
Harden the review the Automatic Notice of Import, with special emphasis
on those with significantly lower prices.
Constitute a committee for the review of operations of foreign trade,
formed by the Tax Administration Service (SAT, in Spanish), the CANACERO and
the Secretariat of Economy.
A greater control in customs to combat circumvention and triangulation
- Combating the unfair trade practices
The Secretariat of Economy is committed to:
- Minimize the time
of investigations within the legal framework.
- Impose the
provisional measures, as soon as possible, after first justifying the same.
- Retroactive application of final quotas until 90 days before the
preliminary ruling, where appropriate.
At the request and
possibility to analyze further measures, including the establishment of
safeguards, it was agreed to initiate a process of consultation with the
Confederation of Industrial Chambers of the United Mexican States (CONCAMIN, in
Spanish) to explore other possibilities that could be implemented without
having a character disruptive in the supply chains.
Secretary Guajardo reiterated his commitment to the Mexican steel sector and
stressed that they will continue working on the creation of synergies with our
main trading partners to promote good practices and identify possible
The meeting was
attended by Guillermo Vogel, President of the CANACERO; Alonso Ancira Elizondo,
Chairman of Altos Hornos de México (AHMSA, in Spanish); Raúl Gutiérrez
Muguerza, Chairman of the Board of Directors and Director General of Deacero
Group; Máximo Vedoya, CEO of Ternium Mexico; Víctor Martínez Cairo, CEO of
ArcelorMittal Mexico; Salvador Quesada Salinas, Director General of the
CANACERO; Joseph Woldenberg, Vice President of Tubacero, and José Antonio
Rivero Larrea, Chairman of the Board of Directors of Minera Autlán.