The Secretary of
Economy, Ildefonso Guajardo Villarreal, held a working meeting with
representatives of the National Chamber of the Iron and Steel Industry
(CANACERO, in Spanish) to exchange views on the overall situation of steel and
comment on the actions that the Secretariat has made in support of this
among other issues, the decline in the global demand for steel; the
overcapacity registered in China; and the devaluation of the ruble in Russia;
events that have had a significant effect on the global steel market,
increasing, too, the start of cases of unfair business practices in Mexico.
In this situation,
the Secretary of Economy stressed that his office is working with CANACERO to
analyze the current situations and address them in a coordinated way and comply
with our international commitments.
Guajardo Villarreal abounded that it has been designed a plan to mitigate the
effects on the most sensitive products of Mexican industry (slab, plate, cold
rolled steel and hot rolled steel), including the following measures:
a. Implementation of anti-dumping measures
b. Implementation of anti-circumvention measures
c. Ratification of existing shares
d. Initiation of new researchs by unfair practices
conjunction with the Tax Administration Service (SAT, in Spanish), an
operational restructuring of the Sector Promotion Programs (PROSEC, in Spanish)
and Manufacturing Maquiladora Industry and Export Services (IMMEX, in Spanish)
is in the works, in order to combat the circumvention, ensure the payment of
compensatory fees and other fiscal demands on tehe mporary imports, in those
cases where they do not comply with the conditions of these programs and thus avoid
Accompanied by the
Secretary of Industry and Trade of the Secretariat of Economy (SE, in Spanish),
Rogelio Garza Garza, the Secretary of Economy announced that during the present
administration 16 investigations (64 per cent from the total) on products of
the sector of basic metal industries, has been initiated. This represents a 400
percent increase over the same period of the previous government.
He explained that
four final countervailing fees to the sector of basic metal industries have been
imposed, none in the previous administration. He also said that there are
currently 25 fees applicable to this sector.
Secretarist of Economy will review, with the Confederation of Industrial
Chambers of the United Mexican States (CONCAMIN, in Spanish), the applicable
legal framework to combat the unfair trade practices, in order to update it in
line with the international trade realities and put in attuned to what our
major trading partners are ongoing.
The meeting was
attended by Guillermo Vogel, President of the CANACERO; Salvador Quesada
Salinas, Director General of the CANACERO; Alonso Ancira Elizondo, of Altos
Hornos de México (AHMSA, in Spanish); Luis Osorio, of Deacero; Regulo Salinas,
of Ternium México; Joseph Woldenberg, of Tubacero; Jorge Guzmán, of
ArcelorMittal; and Juan Bosco Álvarez, of Minera Autlán and Sylvia Marcela
Robles, Central Administrator of the SAT.