Mexico slaps antidumping duty on Indian ferro-silico-manganese

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Tuesday, October 18, 2016

Mexico's economy ministry imposed an antidumping duty on imports of ferro-silico-manganese from India.

The duty was set at 40.25% following an investigation launched at the request of Mexican ferromanganese producer Minera Autlán in July 2015.

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The ministry accepted evidence presented by Autlán showing the product, used in steelmaking, was imported at dumping prices and caused the threat of damage to domestic producers in the year to end-March 2015, the period of the investigation.

The duty replaces a preliminary charge of 43.17% set in March.

Preliminary duties of 35.64% were imposed on high carbon ferromanganese from South Korea in July, following a complaint by Autlán.

Autlán suspended its Gómez Palacio silicomanganese plant in Durango state in January, blaming tough market conditions and dumping, mainly by Asian producers. Operations restarted in Q2.

Dumping is a key threat to Mexico's steelmakers, with Asian countries such as China seen as major culprits.

The ferro-silico-manganese charge is the third definitive duty imposed on steel products in Mexico this year, following one on Chinese steel wire rod in July and one on carbon steel tubes from the US, Spain and India in April.

Duties were imposed on Chinese cold-rolled steel sheet and hot-rolled steel from China, Germany and France in 2015.

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The ministry also extended an antidumping duty on seamless steel tubes from Japan.

The duty, first imposed in 2000, was maintained at 99.9% for five years starting November 2015, after an investigation found evidence removing the duty would risk giving rise to renewed dumping.