US ITC Lifts Duties On Hot-Rolled Steel Imports From Brazil & Japan
The US International Trade Commission is required by the The Uruguay Round Agreements Act to conduct a (sunset) review process every five years.U.S. International Trade Commission (Commission) finally determined that they should lift the duties off hot-rolled steel coming from Brazil and Japan. The existing orders for duties on imports from the steel products from these two countries will be terminated. The ITC said that revoking these CV and AD duties on imports “would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.”
The ITC also decided on duties for hot-rolled steel imports from Russia. The decision was that “terminating the existing suspended antidumping duty investigation on imports of hot-rolled flat-rolled carbon-quality steel products ("hot-rolled steel") from Russia would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.”
Thus, the ITC has determined that the existing suspended antidumping duty investigation will remain suspended for Russia.
With regard to Russia, all six Commissioners voted in the affirmative. With regard to Brazil and Japan, it was a 4-2 vote.