The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of corrosion resistant steel products from China, India, Italy, South 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 orders on imports of this product from China, India, Italy, South Korea and Taiwan will remain in place. Weighted average dumping marginsIndia – 4.43%Italy -92.12%China -209.97%Korea – 8.75%Taiwan - 10.34% This action comes under the five-year sunset review process required by the Uruguay Round Agreements Act. The sunset review concerning Corrosion-Resistant Steel Products from China, India, Italy, South Korea and Taiwan was instituted on 1 June 2021. 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 and of material injury within a reasonably foreseeable time.
The US International Trade Commission has determined that revoking the existing antidumping and countervailing duty orders on imports of corrosion resistant steel products from China, India, Italy, South 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 orders on imports of this product from China, India, Italy, South Korea and Taiwan will remain in place. Weighted average dumping marginsIndia – 4.43%Italy -92.12%China -209.97%Korea – 8.75%Taiwan - 10.34% This action comes under the five-year sunset review process required by the Uruguay Round Agreements Act. The sunset review concerning Corrosion-Resistant Steel Products from China, India, Italy, South Korea and Taiwan was instituted on 1 June 2021. 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 and of material injury within a reasonably foreseeable time.
