Laminated Products: Import Controversy

At the request of Ternium, the Guatemalan Ministry of Economy conducts an import investigation to determine whether or not a safeguard can be applied, a measure opposed by the commercial sector.

Tuesday, November 12, 2019

In February 2018, the company Ternium submitted to the authorities a request for the Directorate of Foreign Trade Administration (DACE) to carry out an economic study of the import of rolled products into the country, which has as its main objective, to establish whether a safeguard measure is appropriate.

You may be interested in "Steel Sheets: Imports up to March"

Acisclo Valladares Urruela, Minister of Economy told Prensalibre.com that "... An economic study is being carried out after a claim was made that products produced locally would be affected."

The article adds that "... According to the procedure, it is possible to resort to the adoption of Safeguard Measures when there is an increase in imports of a similar product by manufacturing it in the importing country, as a result of the reduction or elimination of a customs tariff."

The investigation file specifies that purchases abroad of tariff headings 7225.91.00, 7225.92.00 and 7225.99.00, which refer to flat-rolled products of other alloy steels with a width of 600 mm or more, are studied.

For the president of the Chamber of Commerce of Guatemala (CCG), Jorge Briz, to apply a safeguard for these products will imply setbacks, in addition the arguments are without foundation, capricious, and in the end, they would be affecting the consumers.

According to reports from CentralAmericaData, in the first quarter of 2019, the main buyer of iron and steel sheets in Central America was Honduras, with $63 million, followed by Costa Rica, with $49 million, Guatemala, with $40 million, El Salvador, with $39 million, Panama, with $17 million and Nicaragua, with $16 million.

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More on this topic

Laminated Products: Call for Clarity in Investigation

November 2019

Importers of rolled products in Guatemala demand objectivity in the investigation conducted by the Ministry of Economy to determine whether or not to apply a safeguard to the import of these products.

Derived from the request made by the company Ternium, for the Directorate of Foreign Trade Administration (DACE) to carry out an economic study of the import of rolled products in the country, which has as its main objective, to establish if appropriate a safeguard measure, companies such as Ferromax and Grupo Ferroso, SA, require that the results of the investigation are objective and respond to the real situation of the market.

Controversy Over Steel Rod Import Tariff

May 2018

ArcelorMittal has requested the restoration of a 15% import duty on steel rods, arguing that "the vast majority of these imports enter the country without paying taxes, taking advantage of a legal loophole".

After the reaction from the construction sector, the steel rod manufacturer in Costa Rica, ArcelorMittal, justified its decision to request an investigation from the Ministry of Economy, Industry and Commerce (MEIC) to decide if it will impose a safeguard measure and impose a 15% tariff on imports of the product.

No to Taxing Imports of Steel Rods

May 2018

In Costa Rica, the builders union has opposed the suggestion by Arcelor Mittal to establish a safeguard measure and charge a 15% import duty on rods.

Following the request by the company ArcelorMittal de Costa Rica S.A. in November 2017 to the Ministry of Economy, Industry and Commerce (MEIC), to impose a 15% tax on imports of used iron rods for construction, the Costa Rican Chamber of Construction (CCC) reported that since March 19, the MEIC started a process to evaluate whether or not to apply the measure.

Imposition of Safeguards on Steel Imports Being Considered

April 2018

The Ministry of Economy in Costa Rica, has started an investigation to determine if there are elements that allow application of a safeguard on imports of cylindrical rods made of alloy and non-alloy steel.

The trade union of industrialists in the Dominican Republic warned of the start of the investigation that the Ministry of Economy, Industry and Commerce (MEIC) initiated at the request of Arcelor Mittal Costa Rica, as indicated in the resolution published in the edition of March 19 in the official newspaper, La Gaceta.

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