The Mexican Secretariat of Economy has announced its plan to initiate an anti-dumping investigation into cold-rolled sheets originating from Vietnam.

According to the Trade Remedies Authority of Vietnam, the investigated products are classified under HS codes 7209.16.01, 7209.17.01, 7209.18.01, 7209.26.01, 7209.27.01, 7209.28.01, 7209.90.99, 7211.23.03, 7211.29.99, 7211.90.99, 7225.50.07, and 7226.92.06.

Vietnam earned US$220 million from exporting iron and steel mostly those coded HS 7209 and 7210 to Mexico in 2020, an increase of 70% compared to 2019.

The export earnings of cold rolled steel which are under investigation, alone reached US$50 million.

After officially initiating the case, the Mexican investigation agency sent questionnaires to relevant businesses for responses till September 6, and the deadline may be extended.

According to the schedule, the Mexican investigation agency will issue a preliminary determination within 130 days from the date of initiation of the investigation.

The Trade Remedies Authority of Vietnam recommended that Vietnamese businesses review production and export activities of products involved in the investigation.

It also advised firms to study Mexico’s regulations relating to anti-dumping investigation procedures and to strictly comply with the Mexican agency’s requirements throughout the process.

Source: VOV