By Douglas J. Heffner and Richard P. Ferrin

For your information, on December 17, 2013, the U.S. International Trade Commission (ITC) voted to continue: (1) the antidumping (AD) orders on hot-rolled carbon steel products from China, India, Indonesia, Taiwan, Thailand, and Ukraine; and (2) the countervailing duty (CVD) orders on hot-rolled carbon steel products from India, Indonesia, and Thailand.

The ITC determined that revocation of the AD/CVD orders would be likely to lead to continuation or recurrence of material industry to the U.S. hot-rolled steel industry. The ITC conducts this type of “sunset” review once every five years.

WHAT DOES THIS MEAN TO IMPORTERS? As a result of the ITC’s determination, the Department of Commerce will continue the AD/CVD orders for at least another five years. We expect that the next sunset review will be initiated on or about January 2019.

 

Source: Client Alert