The US International Trade Commission determined that revoking the existing countervailing duty order on carbon and certain alloy steel wire rod from Brazil and the existing antidumping duty orders on imports of that product from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago and Ukraine 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 that product from Canada would not.

As a result of the Commission's affirmative determinations, the existing orders on imports of carbon and certain alloy steel wire rod from Brazil, Indonesia, Mexico, Moldova, Trinidad and Tobago and Ukraine will remain in place.

As a result of the Commission's negative determination, the existing order on imports of that product from Canada will be revoked.

The Trade Commission said that “With respect to Brazil, Indonesia, Moldova and Ukraine, all six Commissioners made affirmative determinations. With respect to Trinidad and Tobago vice chairman Shara L Aranoff and Commissioners Charlotte R Lane, Irving A Williamson and Dean A Pinkert voted in the affirmative; Chairman Daniel R Pearson and Commissioner Deanna Tanner Okun voted in the negative. With respect to Mexico, Vice Chairman Aranoff and Commissioners Okun, Lane, Williamson and Pinkert voted in the affirmative; Chairman Pearson voted in the negative. With respect to Canada, Chairman Pearson, Vice Chairman Aranoff and Commissioners Okun and Williamson voted in the negative; Commissioners Lane and Pinkert voted in the affirmative.”

05 Jun, 2008

Source: steelprices-india.com