The US International Trade Commission has voted to conduct full 5 year sunset reviews concerning the countervailing duty order on stainless steel sheet and strip from Korea and the antidumping duty orders on stainless steel sheet and strip from Germany, Italy, Japan, Korea, Mexico and Taiwan.
As a result of these votes, US 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.
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 USITC 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 (US ITC) 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 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 or inadequate level of interest in a full review. If responses to the USITC'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.
With respect to Germany, Italy, Korea, and Mexico, all six Commissioners found that the domestic group response and the respondent group responses were adequate and voted for full reviews.
With respect to Japan and Korea, all six commissioners found that the domestic group response was adequate and the respondent group responses were inadequate, but that circumstances warranted full reviews.