The US International Trade Commission (ITC) has voted to conduct full five-year (sunset) reviews concerning the antidumping duty orders on stainless steel wire rod from Italy, Japan, South Korea, Spain, and Taiwan.
As a result of the vote, the ITC will conduct full reviews to determine whether revocation of these orders would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
With respect to Italy and South Korea, all six commissioners of the ITC have found that both the domestic and the respondent group responses were adequate and voted for a full review. With respect to Japan, Spain, and Taiwan, all six commissioners found that the domestic group responses were adequate and the respondent group responses were inadequate, but that circumstances warranted full reviews.
As SteelOrbis previously reported, the ITC announced the institution of the second sunset reviews of the antidumping duty orders on stainless steel wire rod from Italy, Japan, South Korea, Spain, and Taiwan as of July 1, to determine whether to conduct full reviews or expedited reviews of the antidumping duty orders on stainless steel wire rod imported from Italy, Japan, South Korea, Spain, and Taiwan.
The subject order was originally issued on September 15, 1998. In the first sunset review, conducted by the DOC and the ITC, effective August 13, 2004, the DOC decided in favor of continuation of the antidumping duty orders on imports of stainless steel wire rod from the countries in question.
According to the Uruguay Round Agreements Act, the DOC must revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the DOC 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 and of material injury within a reasonably foreseeable time.