On May 30, 2014 the US International Trade Commission (ITC) has issued its determinations with regards to imports of carbon and certain alloy steel wire rod.
The countries that are subject to the sunset review are Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago and Ukraine.
The sunset review was initiated in June 1, 2013. As a part of the Uruguay Round Agreement, the US Department of Commerce (DOC), after five years, is required to revoke the anti-dumping or countervailing measure or terminate a suspension agreement. However, this requirement is subject to the findings made by the DOC and ITC. If the DOC and ITC finds that the revocation of the anti-dumping or countervailing measure or termination of a suspension agreement is likely to lead to a continuation of dumping or subsidies and lead to material injury within a reasonably foreseeable time, then the DOC is not bound by the requirement imposed by the Uruguay Round Agreement.
With regards to the countervailing duty order on the products at issue, the DOC has made an affirmative determination. The DOC has concluded that revoking the duties would most likely lead to a continuation or recurrence of material injury within a reasonably foreseeable time. Thus, the DOC will still maintain the duty in place.
With regards to the anti-dumping duty on carbon alloy steel wire rod from Ukraine, the DOC has made a negative determination. Thus, the duty will be revoked by the DOC.