February 15, 2013
News Release 13-021
Inv. Nos. 701-TA-350 and 731-TA-616 and 618 (Third Review)
Contact: Peg O'Laughlin; 202-205-1819
The U.S. International Trade Commission (USITC) today determined that revoking the existing countervailing duty order on corrosion-resistant carbon steel flat products from Korea and the existing antidumping duty orders on this product from Germany and Korea would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
As a result of the Commission's negative determinations, the existing orders on imports of this product from Germany and Korea will be revoked.
All six Commissioners voted in the negative.
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 Corrosion-Resistant Carbon Steel Flat Products from Germany and Korea (Inv. Nos. 701-TA-350 and 731-TA-616 and 618 (Third Review), USITC Publication 4388, March 2013) will contain the views of the Commission and information developed during the reviews.
Copies may be requested after March 26, 2013, by emailing pubrequest@usitc.gov, calling 202- 205-2000, or writing to 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 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 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 USITC'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 and review determinations, 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 Corrosion-Resistant Carbon Steel Flat Products from Germany and Korea were instituted on January 3, 2012.
On April 9, 2012, the Commission voted to conduct full reviews. All six Commissioners concluded that both the domestic group response and the respondent group responses were adequate and voted for full reviews.
A record of the Commission's vote 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.