Steelmaker calls for Mexico to match US tariffs

Tuesday, March 13, 2018

Mexico should match US steel tariffs, according to Altos Hornos de México (Ahmsa) chairman Alonso Ancira.

The country should impose tariffs of 20-25% on steel imports from countries with which Mexico has no free trade deals in place to tackle dumping and boost employment, Ancira was quoted as saying by local news website Vanguardia.

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The tariff should be imposed on the full range of products covered by the US tariff, which comes into force later in March.

Mexico and Canada were excluded from US President Donald Trump's 25% steel tariff and 10% duty on aluminum, as negotiations continue over a shake-up of the Nafta trade deal.

Mexico has a 15% tariff on imports of 97 steel products from countries with which it has no trade deals. The latest six-month extension of the tariff ends in April.

Ahmsa, based in Monclova in Coahuila state, is one of Mexico's biggest steel producers.