The Mexican National Chamber of the Iron and Steel Industry (CANACERO) denied this week that there is injury to the US steel industry, since all steel trade with the US is part of the North America Free Trade Agreement (NAFTA) and total imports from Mexico represent only 4 percent of that domestic market.
In a message to media, Salvador Quesada, general manager of CANACERO, expressed concern about the provisional measure imposed by the US Department of Commerce regarding exports of Mexican rebar, which received preliminary margins of up to 66.70 percent.
"Mexico has a 2 million ton trade deficit of rebar with the US, amounting to about US$3 billion,” said Quesada. “This reality will surely be considered by the USITC for its final resolution, which will hopefully eliminate these preliminary assessments.”
He added that such measures may be an obstacle to the integration of the Trans-Pacific Partnership Agreement (TPP).
