Mexican steel producers have charged that those familiar rolls of steel unloading at the Port of Brownsville and passing through to Mexico from countries such as Russia and the Ukraine constitute unfairly dumped steel that affects the national industry and that importers deliberately distort their true content to avoiding paying tariffs.
Among the companies that import the steel products through the port are included some 35 Mexican firms, including a handful in Matamoros and at least one with offices in Brownsville.
The Matamoros companies are listed in a complaint filed by Altos Hornos de Mexico (AHMSA) with the Mexican Dept. of Economy and charge that importers of rolled steel and sheet steel plate from Russia and Ukraine, respectively, evaded paying duty of 36.8 percent and 60.1 percent.
The notice posted in the Official Journal of the Federation said the government has accepted the AHMSA complaint and has begun the process of investigation to punish evasion of duties and taxes.
They charges that by doing so, they displace domestic producers and that subsidies in the countries of origin result in artificial prices and imports are dumped or their true content counterfeited to avoid fees, as the AHMSA case reported.
For more than a decade, AHMSA has charged that the federal government has been inactive and applauded the actions against unfair trade problems it says are seriously affecting the country's economy.
The government said through the Ministry of Finance that it was launching an investigation into the alleged illegal importation of steel products from Russia and Ukraine, and could possibly be extended to other steel products and other countries.
AHMSA's media director Francisco Orduna Mangiola told El Financiero said he expects positive results from this research.
AHMSA's media director Francisco Orduna Mangiola told El Financiero said he expects positive results from this research.
"The decision issued by the International Trade Practices Unit (UPCI) secretariat shows that the federal government, after a decade of inaction, has begun to act against unfair trade problems are seriously affected the country's economy " he emphasized.
"This is the first positive response from the Ministry of Economy meet the demand of domestic steel industry, which has been denouncing the serious damage caused by the increasing unfair imports of steel, there are other ongoing complaints of dumping and subsidies of the countries of origin that have the same results," Orduna said.
He argued that once the official investigation and proven evasion, tax authorities also must act to recover taxes and impose appropriate fines and accumulations of past violations.
He argued that once the official investigation and proven evasion, tax authorities also must act to recover taxes and impose appropriate fines and accumulations of past violations.
The National Chamber of Industry Iron and Steel has indicated in its journal that there is currently a global steel overproduction by almost 320 million tons and producers from countries such as China, India, Russia, Korea and others seeking to place their surplus in more stable economies, like Mexico.
They charges that by doing so, they displace domestic producers and that subsidies in the countries of origin result in artificial prices and imports are dumped or their true content counterfeited to avoid fees, as the AHMSA case reported.
According to official figures cited in their case, steel imports from countries with which Mexico has trade agreements rose by 170 percent in 2012, most of them, they charge, through unfair trade practices.
Orduña Mangiola told El Financiero that, "This situation undermines a sector that has planned investments of more than $100 million just to strengthen the quality, variety and competitiveness of domestic steel."
Over the past year, Altos Hornos de Mexico (AHMSA) achieved sales of 39.223 million pesos , which represents a decline of 3.9 percent the previous year spectrum.
According to information posted on the Mexican Stock Exchange (BMV), 2012 sales "reflect adverse market conditions by importing large volumes of unfairly traded steel and artificially low prices."
According to information posted on the Mexican Stock Exchange (BMV), 2012 sales "reflect adverse market conditions by importing large volumes of unfairly traded steel and artificially low prices."
Rolled and plate steel imported from the countries now under investigation make up the bulk of the steel imported through the Port of Brownsville. Whether the trade actions by the Mexican government will reflect in a decrease in tonnage of steel products imported through that entity is yet to be seen.
4 comments:
Juan, that first sentence is a mess. Clarity! it reads like Bobby wightman wrote it!
We have a trashy society here in Cameron County. Why doesn't the County Commission try to clean up the garbage that threatens our health. Most dump along the side of the road to avoid paying for trash removal. The culture of trash is with us....disposal for many is to "throw it out of the window" or dump it along the roadways. Where is Conrado Cantu when we need him?
Hey, don't be dumping on Juan. He just got excited. Not to worry. Worry more about how the Mexican's are building new steel mills everywhere, and someday the port's steel cargos will go away. Then what ?
Wait a minute. You want us to get excited about a few millions of dumped steel when two-thirds of Mexico is controlled by the Narcos? And, in Tabasco, Villahermosa, they just found around 90 million pesos in 500 peso notes in the ex-state treasure's house (around 7 million in cash). The asshole Jamie Dimond does not even have that much cash in the vault at JP Morgan. When are you going to wake up and see that you are sitting on the biggest repinga puta madre ganster system that has ever existed in the history of mankind? Viva Mexico! Oh, and don't forget the bad boys as BISD. If you are really concerned about your child, you should move to Canada, vato.
Post a Comment