USITC Keeps AD & CVD on PC Steel Wire Strand Imports from China
The US International Trade Commission determined as that revoking the existing antidumping and countervailing duty orders on imports of prestressed concrete steel wire strand from China 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 China will remain in place.
This action comes under the five-year sunset review process required by the Uruguay Round Agreements Act. 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 five-year (sunset) reviews concerning Prestressed Concrete Steel Wire Strand from China were instituted on September 1, 2020.