MEXICO CITY: Mexico has concluded a preliminary anti-dumping investigation into imports of prestressing steel wire from Chinese, Spanish, and Portuguese companies.
The Government launched the investigation on February 16, 2015, following requests from a number of Mexican manufacturers. The investigation covered the period from May 1, 2011, to April 30, 2014.
Mexico’s Secretariat of Economy said that there is sufficient evidence to suggest that, during the period under investigation, imports of prestressing wire from the three countries in question entered Mexico at below market prices, a practice known as “dumping.” Prestressing wire is used in the construction of buildings and bridges and is used to reinforce concrete.
After its investigation, Mexico assessed dumping margins of 147.04 percent and 45.13 percent for Chinese and Portuguese exports, respectively. A dumping margin of 14.49 percent was found for Spanish company Global Special, while all other Spanish exports of prestressing wire would be subject to anti-dumping duties at a rate based on a dumping margin of 28.62 percent.
