To amend the Tariff Act of 1930 to make technical improvements to the United States antidumping and countervailing duty laws; to express the sense of Congress regarding the scope and standard of review of GATT dispute settlement panels; to express the sense of Congress for the extension of the specialty steel voluntary restraint agreement; and for other purposes.

[AI summary unavailable — showing source text] Amends the Tariff Act of 1930 to define specified terms for purposes of material injury determinations made by the International Trade Commission (ITC) in antidumping and countervailing duty investigations. Requires the administering authority, in determining the foreign market value of imported merchandise under antidumping duty investigation, to determine whether certain inputs (which singularly or collectively constitute more than one percent of the finished product), that are subject to one or more outstanding antidumping duty orders and were sold below costs, were also sold below cost to the producers or exporters of the imported merchandise. Requires the administering authority, if sales were made below cost, to make an upward adjustments to the foreign market value of such merchandise to reflect the difference between the constructed value of such inputs and the below cost price. Requires the ITC, in determining whether a U.S. industry is threatened with material injury from imports, to consider, among other factors, the: (1) actual and potential decline in order backlog of the domestic industry; and (2) monthly and quarterly trend information through the month of the filing…