ITC Makes Determinations in Sunset Review of Stainless Steel Wire Rod
07/09/2004 - In its five-year sunset review of existing antidumping duty orders on stainless steel wire rod from Italy, Japan, Korea, Spain, Sweden, and Taiwan, the U.S. International Trade Commission (ITC) has determined that revocation of the orders would be likely to lead to material injury within a reasonably foreseeable time.
In its five-year sunset review of existing antidumping duty orders on stainless steel wire rod from Italy, Japan, Korea, Spain, Sweden, and Taiwan, the U.S. International Trade Commission (ITC) has determined that revocation of the orders would be likely to lead to material injury within a reasonably foreseeable time.
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The Uruguay Round Agreements Act requires the Department of Commerce to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Department of Commerce and the ITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (ITC) within a reasonably foreseeable time. If responses to the ITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires. |
As a result of the Commission's decision and the Department of Commerce's recent affirmative findings, the existing orders on imports of stainless steel wire rod from Italy, Japan, Korea, Spain, Sweden, and Taiwan will remain in place.
All six Commissioners found that revoking the existing orders for product from Japan and Taiwan would be likely to lead to material injury within a reasonably foreseeable time, while only four of the six made the same determination regarding product from Italy, Korea, Spain, and Sweden.
Five-year (sunset) reviews concerning Stainless Steel Wire Rod from Italy, Japan, Korea, Spain, Sweden, and Taiwan were instituted on August 1, 2003. On November 4, 2003, the Commission voted to conduct full reviews. With respect to Italy and Korea, all six Commissioners concluded that both the domestic and the respondent group responses were adequate and voted for full reviews. With respect to Japan, Spain, Sweden, and Taiwan, all six Commissioners concluded that the domestic group response was adequate and the respondent group responses were inadequate, but that circumstances warranted full reviews.
