Mexico’s Ministry of Economy has announced that it has adjusted the import tariffs originally imposed on certain steel products, according to Mexico’s official gazette.

Accordingly, the import duties will be reduced gradually to 10 percent, seven percent, five percent and three percent by August 22, 2024. For some products, the duty will be completely removed by August 22, 2024. These steel products include steel sheet, cold rolled sheet, hot rolled sheet, wire rod, seamless pipe, seam pipe, coated sheet, corrugated rod and profiles.