Brazil Will Revive Steel Subsidies If Duties End: ITA

Law360, New York (July 27, 2010, 4:39 PM EDT) -- The U.S. Department of Commerce has preliminarily determined that a revocation of countervailing duties on hot-rolled steel from Brazil would likely lead the Brazilian government to begin subsidizing its steelmakers again.

The finding, published in the Federal Register on Tuesday by Commerce's International Trade Association, is part of the agency's sunset review of countervailing duties on the steel products.

"The department preliminarily finds that revocation of the [countervailing duty] order would likely lead to continuance or recurrence of a countervailable subsidy," the ITA said.

Among the...
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