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USITC Makes Determination in Five-Year (Sunset) Reviews Concerning Stainless Steel Wire Rod from Italy, Japan, Korea, Spain, and Taiwan

July 8, 2016
News Release 16-090 (e)
Inv. No. 731-TA-770-773 and 775 (3rd Review)
Contact: Peg O'Laughlin, 202-205-1819
USITC Makes Determination in Five-Year (Sunset) Reviews Concerning Stainless Steel Wire Rod from Italy, Japan, Korea, Spain, and Taiwan

The U.S. International Trade Commission (USITC) today determined that revoking the existing antidumping duty orders on stainless steel wire rod from Japan, Korea, and Taiwan would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. 

As a result of the Commission’s affirmative determinations, the existing antidumping duty orders on imports of this product from Japan, Korea, and Taiwan will remain in place.

All six Commissioners voted in the affirmative with respect to imports from Japan, Korea, and Taiwan.

The Commission further determined that the existing antidumping duty orders on stainless steel wire rod from Italy and Spain would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

As a result of the Commission’s negative determinations, the existing antidumping duty orders on imports of this product from Italy and Spain will be revoked.

All Commissioners voted in the negative with respect to imports from Spain.  Chairman Williamson and Commissioners Johanson, Broadbent, and Kieff voted in the negative with respect to imports from Italy; Commissioners Pinkert and Schmidtlein voted in the affirmative with respect to imports from Italy.  

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 Wire Rod from Italy, Japan, Korea, Spain, and Taiwan (Inv. Nos. 731-TA-770-773 and 775 (Third Review), USITC Publication 4623, July 2016) will contain the views of the Commission and information developed during the reviews.

The report will be available by August 15, 2016; when available, it may be accessed on the USITC website at: http://pubapps.usitc.gov/applications/publogs/qry_publication_loglist.asp.

                                                                                               

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 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 (USITC) 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 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.

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 Wire Rod from Italy, Japan, Korea, Spain, and Taiwan were instituted on May 1, 2015.

On August 4, 2015, the Commission voted to conduct full reviews.  All six Commissioners concluded that the domestic group response for these reviews was adequate, the respondent group responses from Italy, Korea, and Spain were adequate, and the respondent group responses from Japan and Taiwan were inadequate.  The Commission determined to conduct full reviews of the orders on imports from Italy, Korea, and Spain based on an adequate level of respondent participation, and to conduct full reviews on imports from Japan and Taiwan in order to promote administrative efficiency.

A record of the Commission’s vote to conduct full reviews is available from the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436.  Requests may be made by telephone by calling 202-205-1802.

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