Synopsis: The US Department of Commerce has withdrawn its review of countervailing duties on steel threaded rods from India. The review, originally covering the year 2022, was canceled following a timely withdrawal request.Article: The United States Department of Commerce (USDOC) made a move to rescind the administrative review of countervailing duty (CVD) orders on carbon and alloy steel threaded rods imported from India. This action took place after the timely withdrawal of the request for the review. Originally, the period under investigation spanned from January 1 to December 31, 2022.The subsidy rate previously determined in the 2020 investigation was at a staggering 211.72% for Daksh Fasteners and a much lower 6.07% for Mangal Steel Enterprises Limited and all other producers and exporters.The products affected by this review are under specific subheadings within the Harmonized Tariff Schedule of the United States (HTSUS). The numbers to note are 7318.15.5051, 7318.15.5056, 7318.15.5090, and possibly also 7318.15.2095 and 7318.19.0000.This move by the USDOC might bring some relief to Indian steel exporters who had been under the lens for these alleged subsidies. It also adds another chapter to the complex narrative of international trade relationships, particularly between the United States and India.However, this development also raises questions about the future of steel trade between the two countries. It might make other nations wary about entering into trade agreements or investing heavily in steel production for export to the United States, given the unpredictability of policy shifts.Conclusion: The U.S. decision to rescind the review of countervailing duties on Indian steel threaded rods represents a significant change in policy. While this could ease trade between the two countries in the short term, the long-term implications for the global steel market remain uncertain.