January 5, 2010 / 9:21 PM / 10 years ago

Mexico slaps import fees on steel from UK, China

MEXICO CITY, Jan 5 (Reuters) - Mexico slapped import tariffs on some steel products from China and the United Kingdom on Tuesday to protect local production, according to new rules published in the official gazette.

Mexico will charge a 5.91 percent quota on the total value of welded tubes and pipes imported from the United Kingdom after a local company argued British manufacturers were unfairly pricing their products.

Mexico will also levy a 50 cents per kg tariff on steel chains with welded links from China, as imports from that country have skyrocketed in recent years.

Mexican companies argue China subsidizes its industry making for lopsided competition with the same product made in Mexico.

The rules came into effect as soon as they were published said a spokeswoman from the Economy Ministry. (Reporting by Mica Rosenberg; Editing by Lisa Shumaker)

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