June 21, 2005
News Release 05-074
Inv. Nos. 701-TA-381-382 and 731-TA-797-804 (Review)
Contact: Peg O'Laughlin, 202-205-1819

ITC ANNOUNCES DETERMINATIONS IN FIVE-YEAR (SUNSET) REVIEWS CONCERNING STAINLESS STEEL SHEET AND STRIP FROM FRANCE, GERMANY, ITALY, JAPAN, KOREA, MEXICO, TAIWAN, AND THE UNITED KINGDOM

The U.S. International Trade Commission (ITC) today determined that revoking the existing countervailing duty and antidumping duty orders on stainless steel sheet and strip from Germany, Italy, Japan, Korea, Mexico, and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time, but that revoking the existing antidumping duty orders on this product from France and the United Kingdom would not.

As a result of the Commission's affirmative determinations and the Department of Commerce's recent affirmative findings, the existing orders on imports of stainless steel sheet and strip from Germany, Italy, Japan, Korea, Mexico, and Taiwan will remain in place. The existing antidumping duty orders on imports of stainless steel sheet and strip from France and the United Kingdom will be revoked.

Chairman Stephen Koplan and Commissioner Charlotte R. Lane voted in the affirmative with respect to all countries. Commissioners Marcia E. Miller and Jennifer A. Hillman voted in the affirmative with respect to Germany, Italy, Japan, Korea, Mexico, and Taiwan; they voted in the negative with respect to France and the United Kingdom. Vice Chairman Deanna Tanner Okun and Commissioner Daniel R. Pearson voted in the negative with respect to all countries.

Today's action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act. See the attached page for background on these five-year (sunset) reviews.

The Commission's public report Stainless Steel Sheet and Strip from France, Germany, Italy, Japan, Korea, Mexico, Taiwan, and the United Kingdom (Inv. Nos. 701-TA-381-382 and 731- TA-797-804 (Review), USITC Publication 3788, June 2005) will contain the views of the Commission and information developed during the reviews.

Copies may be requested after August 1, 2005, by calling 202-205-1809 or by contacting the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be made by fax at 202-205-2104.


BACKGROUND

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.

The Commission's institution notice in five-year reviews requests that interested parties file responses with the Commission concerning the likely effects of revoking the order under review as well as other 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 ITC'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.

The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews. Commissioners base their injury determination in expedited reviews on the facts available, including the Commission's prior injury and review determinations, responses received to its notice of institution, data collected by staff in connection with the review, and information provided by the Department of Commerce.

The five-year (sunset) reviews concerning Stainless Steel Sheet and Strip from France, Germany, Italy, Japan, Korea, Mexico, Taiwan, and the United Kingdom was instituted on June 1, 2004.

On September 7, 2004, the Commission voted to conduct full reviews. With respect to France, Germany, Italy, Korea, and Mexico, all six Commissioners concluded that both the domestic and the respondent group responses were adequate and voted for full reviews. With respect to Japan, Taiwan, and the United Kingdom, all six Commissioners concluded that the domestic group response was adequate and the respondent group responses were inadequate but that circumstances warranted full reviews.

Information concerning the reasons for the Commission's vote to conduct a full review was published in the Federal Register on September 21, 2004. That notice and a record of the Commission's vote is posted on the ITC's Internet site at www.usitc.gov (under "Five-Year (Sunset) Reviews"/"Stainless Steel Sheet & Strip - France (AD)," "Stainless Steel Sheet & Strip - Germany," "Stainless Steel Sheet & Strip - Italy (AD)," "Stainless Steel Sheet & Strip - Italy (CVD)," "Stainless Steel Sheet & Strip - Japan," "Stainless Steel Sheet & Strip - Korea (AD)," "Stainless Steel Sheet & Strip - Korea (CVD)," "Stainless Steel Sheet & Strip - Mexico," "Stainless Steel Sheet & Strip - Taiwan," and "Stainless Steel Sheet & Strip - United Kingdom").

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