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ITC to Uphold Duties, Finding on PC Wire Strand from Six Countries

11/11/2009 - The U.S. ITC will uphold the existing countervailing duty order on prestressed concrete steel wire strand from India, and antidumping duty orders on this product from Brazil, India, Korea, Mexico, and Thailand, as well as an existing antidumping duty finding on this product from Japan.

The U.S. International Trade Commission (ITC) announced it will uphold the existing countervailing duty order on prestressed concrete steel wire strand from India, and antidumping duty orders on this product from Brazil, India, Korea, Mexico, and Thailand, as well as the existing antidumping duty finding on this product from Japan.
 

The ITC’s action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act, which 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.
The decision follows the Commission’s determination that revoking the existing countervailing and antidumping duty orders and finding for these products from these countries would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

 
All six Commissioners voted in the affirmative.

The five-year (sunset) review concerning Prestressed Concrete Steel Wire Strand from Brazil, India, Japan, Korea, Mexico, and Thailand was instituted on December 1, 2008.
 
The Commission voted on March 6, 2009, to conduct full reviews. With respect to Mexico, all six Commissioners found that both the domestic and respondent group responses were adequate and voted for full reviews. With respect to India, Japan, Brazil, and Thailand, all six Commissioners found that the domestic group response was adequate and the respondent group response was inadequate, but that circumstances warranted full reviews.
 
With respect to Korea, Chairman Shara L. Aranoff, Vice Chairman Daniel R. Pearson, and Commissioners Deanna Tanner Okun and Irving A. Williamson found that both the domestic and respondent group responses were adequate and voted for full reviews; Commissioners Charlotte R. Lane and Dean A. Pinkert found that the domestic group response was adequate and the respondent group responses were inadequate, but that circumstances warranted full reviews.