The U.S. International Trade Commission (USITC) today determined that revoking the existing countervailing duty order on imports of hot-rolled steel from South Korea and the antidumping duty orders on imports of hot-rolled steel from Australia, Japan, Netherlands, Russia, South Korea, Turkey, and the United Kingdom 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 orders on imports of this product from Australia, Japan, Netherlands, Russia, South Korea, Turkey, and the United Kingdom will remain in place.
The Commission also determined that revoking the existing antidumping duty and countervailing duty orders on imports of hot-rolled steel from Brazil 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 orders on imports of this product from Brazil will be revoked.
Chairman David S. Johanson and Commissioners Rhonda K. Schmidtlein, Jason E. Kearns, Randolph J. Stayin, and Amy A. Karpel voted in the affirmative for the reviews involving Australia, Japan, , Netherlands, Russia, South Korea, Turkey, and the United Kingdom. For the review of hot-rolled steel from Brazil, Chairman Johanson and Commissioners Kearns and Karpel voted in the negative, and Commissioners Schmidtlein and Stayin voted in the affirmative.
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 Hot-Rolled Steel from Australia, Brazil, Japan, Netherlands, Russia, South Korea, Turkey, and the United Kingdom (Inv. Nos. 701-TA-545-546 and 731-TA-1291-1297 (Review), and 731-TA-808 (Fourth Review), USITC Publication 5380, October 2022) will contain the views of the Commission and information developed during the reviews.
The report will be available by the end of November 2022; when available, it may be accessed on the USITC website at: https://www.usitc.gov/commission_publications_library.
Original source can be found here.
