On July 13, the US International Trade Commission (ITC) announced the remand of its five-year review determinations in the countervailing duty and antidumping investigations concerning hot rolled steel products from Kazakhstan, Romania, and South Africa.
In October 2007, the ITC determined that revocation of the countervailing duty order on hot rolled steel products from South Africa and the antidumping duty orders on hot rolled steel products from Kazakhstan, Romania, and South Africa would not be likely to cause continuation or recurrence of material injury to an industry in the US within a reasonably foreseeable time.
After Nucor Corp., US Steel Corp. and AK Steel Corp., domestic producers of hot rolled steel, subsequently initiated actions in the US Court of International Trade (CIT) seeking review of these determinations, on March 9, 2009 the CIT affirmed the ITC's determinations in part, and remanding them in part.
The CIT's affirmation has directed the ITC to reassess its prior findings concerning likely subject import volume, and to revisit its findings concerning likely price effects and likely impact of subject imports in light of its revised findings on likely volume.
On May 11, 2009, the ITC published a notice in the Federal Register instituting remand proceedings, reopening the record with respect to certain issues, and inviting parties to submit new information and file final comments. Nucor, US Steel and ArcelorMittal USA filed additional factual submissions.
Based on its examinations, the ITC again determined that revocation of the countervailing duty order on hot rolled steel products from South Africa and the antidumping duty orders on hot rolled steel products from Kazakhstan, Romania, and South Africa would not be likely to cause continuation or recurrence of material injury to an industry in the US within a reasonably foreseeable time.