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NEWS RELEASE 00-087; JULY 7, 2000 July 7, 2000
News Release 00-087
Inv. No. 701-TA-178 and 731-TA-636-638 (Review)

ITC MAKES DETERMINATIONS IN FIVE-YEAR (SUNSET) REVIEWS CONCERNING STAINLESS STEEL WIRE ROD FROM BRAZIL, FRANCE, INDIA, AND SPAIN

The U.S. International Trade Commission (ITC) today determined that revoking the antidumping duty orders on stainless steel wire rod from Brazil, France, and India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time, but that revoking the existing countervailing duty order on stainless steel wire rod from Spain would not.

As a result of the Commission's affirmative determinations and the Department of Commerce's recent affirmative findings, the existing antidumping duty orders on imports of stainless steel wire rod from Brazil, France, and India will remain in place. As a result of the Commission's negative determination concerning Spain, the existing countervailing duty order on imports of stainless steel wire rod from that country will be revoked.

Commissioners Lynn M. Bragg, Marcia E. Miller, and Jennifer A. Hillman found that revoking the existing antidumping duty orders on imports of stainless steel wire rod from Brazil, France, and India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time, but that revoking the existing countervailing duty order on imports of stainless steel wire rod from Spain would not. Chairman Stephen Koplan and Vice Chairman Deanna Tanner Okun found that revoking the existing antidumping duty orders on imports of stainless steel wire rod from Brazil and India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time, but that revoking the existing antidumping duty order on imports of this product from France and the existing countervailing duty order on imports of this product from Spain would not. Commissioner Thelma J. Askey determined that revoking the existing orders on imports of this product from all four countries would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.

Today's action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act. See the attached page for background on these five-year (sunset) reviews.

The Commission's public report Stainless Steel Wire Rod from Brazil, France, India, and Spain (Invs. Nos. 701-TA-178 and 731-TA-636-638 (Review), USITC Publication 3321, July 2000) will contain the views of the Commission and information developed during the reviews.

Copies may be requested after July 31, 2000, by calling 202-205-1809 or by contacting the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be made by fax at 202-205-2104.


BACKGROUND

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 ITC 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 (ITC) within a reasonably foreseeable time. Reviews of outstanding antidumping and countervailing duty orders in existence as of January 1, 1995, began in July 1998.

The Commission's institution notice in five-year reviews requests that interested parties file responses with the Commission concerning the likely effects of revoking the order under review as well as other information. Generally within 95 days from institution, the Commission will determine whether the responses it has received reflect an adequate or inadequate level of interest in a full review. If responses to the ITC's notice of institution are adequate, or if other circumstances warrant a full review, the Commission conducts a full review, which includes a public hearing and issuance of questionnaires.

The Commission generally does not hold a hearing or conduct further investigative activities in expedited reviews. Commissioners base their injury determination in expedited reviews on the facts available, including the Commission's prior injury determination, responses received to its notice of institution, data collected by staff in connection with the review, and information provided by the Department of Commerce.

The five-year (sunset) reviews concerning Stainless Steel Wire Rod from Brazil, France, India, and Spain were instituted on July 1, 1999.

On October 1, 1999, the Commission voted to conduct full reviews. With regard to France, Chairman Lynn M. Bragg, Vice Chairman Marcia E. Miller, and Commissioners Carol T. Crawford, Jennifer A. Hillman, Stephen Koplan, and Thelma J. Askey concluded that both the domestic and the respondent group responses were adequate and voted for a full review. With regard to Brazil, India, and Spain, Chairman Bragg, Vice Chairman Miller, and Commissioners Hillman, Koplan, and Askey concluded that the domestic group response was adequate and the respondent group responses were inadequate, but that circumstances warranted full reviews. Commissioner Crawford concluded that the domestic group response was adequate and the respondent group responses were inadequate and voted for expedited reviews.

Information concerning the reasons for the Commission's votes to conduct full reviews was published in the Federal Register on October 15, 1999. That notice and a record of the Commission's votes is posted on the ITC's Internet server at www.usitc.gov (under "Five-Year (Sunset) Reviews"/"Stainless Steel Wire Rod from Brazil," "Stainless Steel Wire Rod from France," "Stainless Steel Wire Rod from India," and "Stainless Steel Wire Rod from Spain").

In addition, a record of the Commission's votes to conduct full reviews is available from the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may be made by telephone by calling 202-205-1802.

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