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US Mexico Trade Dispute - Stainless Steel Sheets and Coils dumping
US-Mexico Trade Dispute - Stainless Steel Sheets and Coils dumping. On May 26, 2006, Mexico requested consultations with the United States regarding a number of final anti-dumping judgments made by the US Department of Commerce. The judgments concerned the imports of stainless steel sheets and strips from Mexico, which were considered illegal dumping through the use of a "Zeroing" technique by the US Department of Commerce. Mexico considered that some of the laws, regulations, administrative practices and methodologies implemented by the US impaired and nullified the benefits accrued to Mexico, directly or indirectly, under the WTO Agreement on Customs Valuation, and that the anti-dumping laws were unwarranted. The consultations concerned the period between January 1999 and June 2004. This led to a panel being established in December 2006, the proceedings of which continued till May 2013, with a mutually agreeable solution being reached. Japan requested to join the consultation in June 2006.
== Products in Question ==
Stainless steel (specifically in the form of sheets and coils) was the center of dispute. Stainless steel is an alloy containing at least 10.2% Chromium. Chromium is a high-quality product used in a large amount of diverse industries. Stemming from its ability to resist corrosion, oxidation and stains as opposed to normal steel, a large amount of the product is imported from Mexico to the US yearly, creating competition with the US steel industry.
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