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ITC to Conduct “Sunset” Reviews of Stainless Steel Wire Rod
Oct. 7, 2009
The United States 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, Korea, Spain, and Taiwan.
The Commission 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 reasonable time.
The Uruguay Round Agreements Act requires the U.S. 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 doing so would likely lead to continuation or recurrence of dumping or subsidies (Commerce) and of material injury (ITC) within a reasonably foreseeable time.
The Commission's notice of institution in five-year reviews requests that interested parties file responses that discuss the likely effects of revoking the order under review and provide other pertinent information. Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate level of interest in a full review. If responses are adequate, or if warranted by other circumstances, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires.
With respect to Italy and Korea, all six Commissioners found that both the domestic and the respondent group responses were adequate and voted for a full review.
Regarding 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.