U.S. International Trade Commission Rules On Hot-Rolled Steel Penalties From Several Countries
On October 21, the U.S. International Trade Commission (USITC) announced that it had determined that revoking an existing countervailing duty order on imports of hot-rolled steel from South Korea and antidumping duty orders hot-rolled steel imports from Australia, Japan, Netherlands, Russia, South Korea, Turkey, and the United Kingdom would be likely to lead to material injury for U.S. firms.
As a result, all of those existing orders will remain in place.
There will be a change when it comes from hot-rolled steel imports from one country, however. The same day, the ITC also announced that it had determined that revoking existing antidumping duty and countervailing duty orders on imports of hot-rolled steel from Brazil would not lead to the continuation or recurrence of material injury for U.S. firms.
Those orders, therefore, are revoked.
The ITC’s determination was necessary because of the five-year sunset review process required by the Uruguay Round Agreements Act. The reports for these cases will be made available by the ITC by the end of November 2022 at this website.