USITC MAKES DETERMINATION IN FIVE-YEAR (SUNSET) REVIEW CONCERNING STAINLESS STEEL BAR FROM INDIA

The U.S. International Trade Commission (USITC) today determined that revoking the existing antidumping order on stainless steel bar from India would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. 

As a result of the Commission’s affirmative determination, the existing order on imports of this product from India will remain in place. 

Chairman David S. Johanson and Commissioners Rhonda K. Schmidtlein, Jason E. Kearns, and Amy A. Karpel voted in the affirmative. 

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 this five-year (sunset) review.

The Commission’s public report Stainless Steel Bar from India (Inv. No. 731-TA-679 (Fifth Review), USITC Publication 5496, February 2024) will contain the views of the Commission and information developed during the review. 

The report will be available by March 22, 2024; when available, it may be accessed on the USITC website at: https://www.usitc.gov/commission_publications_library.

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. Read More
https://www.usitc.gov/press_room/news_release/2024/er0215_64861.htm