The Mexican Ministry of Economy reported last week that after completing the review process initiated by Deacero on July 18, 2012, the ministry decided to maintain the antidumping duty of US$0.45 per kilogram of steel wire mesh imported from China and extend its validity for five years beginning on July 25, 2012.
In a resolution published in the Official Journal of the Federation, the agency indicated the product specifications as low carbon steel wire mesh, woven or interlaced hexagon shaped, entering the country by the tariff 7314.19.03, 7314.19.99 , 7314.31.01, 7314.41.01 and 7314.49.99 of the Tariff Act of the General Import and Export (TIGIE).
The resolution also states that importers who pay antidumping duties shall not be required to pay the same if it finds that the country of origin of the goods is different from China.
According to the agency, there is sufficient evidence to determine that the elimination of the countervailing duty on imports of Chinese origin hexagonal mesh would lead to recurrence of dumping and injury to the domestic industry.
Among the factors which led to this conclusion, the report mentioned that the antidumping duties have contained the growth in the volume of imports from China, but have not eliminated dumping, which could be repeated at higher levels.
The report further emphasized that the application of the tax had positive effects on the economic and financial indicators of the domestic industry, by eliminating the negative impact on prices and domestic sales of domestic producers.
