How much was the disputed steel import value from China and Mexico?

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The Value of Disputed Steel Imports from China and Mexico in 2018 Was US$1.5 Billion

In 2018, structural steel imports from China and Mexico combined reached a value of US$1.5 billion (RM6.2 billion). This figure is central to the US Commerce Department's preliminary findings that exporters from these two countries benefited from unfair subsidies, ranging from 30.3 per cent to 177.43 per cent. These subsidies were deemed to have aided imported steel used in construction.
Subsidies Identified for Mexican and Chinese Exporters

The US Commerce Department's investigation identified significant subsidies provided to Mexican and Chinese exporters of fabricated structural steel. These subsidies were found to range from 30.3 per cent to as high as 177.43 per cent. This finding was a direct response to a grievance filed by US steel producers in February, alleging that these foreign competitors were operating with an unfair advantage.
Imposition of New Import Duties

Following the preliminary findings, US customs agents are now tasked with collecting import duties based on the identified subsidy rates. While these duties are being collected, the funds may be returned if the Commerce Department's findings are later reversed. The US International Trade Commission has the authority to block such Commerce Department actions if it determines that American firms have not been harmed by the alleged subsidies.
Context of Prior Tariffs and Industry Impact

This action follows a broader move by the Trump administration last year to impose global tariffs of 25 per cent on steel and 10 per cent on aluminum, citing national security threats. Although these tariffs were lifted for Mexico and Canada in May, the new duties on specific steel goods indicate ongoing concerns about trade practices. Despite claims that tariffs have revitalised the US metals industry, reports suggest that US steel production has faced challenges, including halted operations and a downward trend in employment at mills and foundries.

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How much was the disputed steel import value from China and Mexico?

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