Mexico intensifies measures against illegal steel imports, boosts domestic industry

Mexico has launched a comprehensive strategy to protect its domestic steel and textile industries amid U.S. tariffs and concerns about unfair trade practices. Economy Minister Marcelo Ebrard announced the cancellation of nearly half of the steel mill registrations for import due to irregularities, aiming to prevent tariff evasion and the triangulation of steel. New requirements demand that companies wishing to import steel provide detailed information about their mills, regardless of location, to ensure compliance with legal standards. The government is also combating dumping by initiating anti-dumping investigations, imposing tariffs on some textile imports, and setting reference prices for various products. These measures are expected to boost domestic production, protect jobs, and increase the competitiveness of Mexico's national industry. Additionally, the 'Made in Mexico' campaign will begin soon to further support local manufacturing.