A U.S. trade panel voted to remove duties on hot-rolled steel from Brazil and Japan in a rare victory for U.S. steel-consuming industries.

The U.S. International Trade Commission voted 4-2 that U.S. steel producers were unlikely to be harmed by lifting duties on imports from the two countries.

However, the panel voted 6-0 that there was still a threat of injury from unfairly-priced steel from Russia.

As result, an agreement under which Russia restricts its hot-rolled steel exports to the United States in exchange for not being hit with duties remains in force, the ITC said.

The United States is required under World Trade Organization rules to review its existing anti-dumping and countervailing duty orders every five years.

It is relatively rare for duty orders to be lifted as a result of the "sunset" reviews. (Reuters)