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ITC to Conduct Sunset Review of Steel Wire Rod Imports

12/11/2007 - The U.S. ITC votes to conduct full five-year sunset reviews of a  countervailing duty order on carbon and alloy steel wire rod from Brazil, and antidumping duty orders on wire rod from Brazil, Canada, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine.

The U.S. International Trade Commission (ITC) has voted to conduct full five-year "sunset" reviews of a  countervailing duty order on carbon and alloy steel wire rod from Brazil, and antidumping duty orders on wire rod from Brazil, Canada, Indonesia, Mexico, Moldova, Trinidad and Tobago, and Ukraine.
 
With respect to Canada and Moldova, all six Commissioners found that both the domestic group response and the respondent group responses were adequate and voted for full reviews. With respect to Brazil, Indonesia, Mexico, Trinidad and Tobago, and Ukraine, all six Commissioners found that the domestic group response was adequate and the respondent group response was inadequate, but that circumstances warranted full reviews.
 

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.
 
Full (sunset) reviews will allow the Trade Commission to determine whether revocation of these orders would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

 
The Commission's notice of institution in five-year reviews requests that interested parties file with the Commission responses that address the likely effects of revoking the order under review and provide other pertinent information. If responses to the ITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission will conduct a full review, which includes a public hearing and issuance of questionnaires.