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Antidumping and Countervailing Duty Petitions Filed Against Imports of Steel Threaded Rod From India and Thailand

06/27/2013

Washington, D.C. — Today, the three largest producers of steel threaded rod in the United States – All America Threaded Products Inc. (“All America”) of Denver, Colorado; Bay Standard Manufacturing, Inc. (“Bay Standard”) of Brentwood, California; and Vulcan Threaded Products Inc. (“Vulcan”) of Pelham, Alabama – filed antidumping petitions against imports of steel threaded rod from India and Thailand and a countervailing duty petition against such imports from India.

Imports of threaded rod from India and Thailand surged by 57 percent from 2010 to 2012. At the same time, the prices of these imported products undersold U.S. producers by significant margins, the petition states. Rising volumes and unfair prices have enabled threaded rod manufacturers in India and Thailand to increase their share of total U.S. imports to 54 percent in 2012 and to 63 percent by March 2013.

“Imports of steel threaded rod from India more than doubled in just the past few years, while imports from Thailand grew more than four times,” said Bill Upton, Vulcan’s President. “These countries have dramatically increased their imports to the United States by selling at prices far below the prices from our efficient and modern facilities here in Alabama. We and other American producers have lost sales and customers, and our profitability has suffered as a result of these unfairly traded products.”

Under U.S. antidumping laws, the Department of Commerce (“Commerce”) will impose a “dumping” duty to offset unfair pricing of Indian and Thai imports of threaded rod into the U.S. market. The estimated dumping margins for imports of threaded rod from India range from 24 to 130 percent and from Thailand 65 to 77 percent. The U.S. industry has also alleged that the Indian Government is subsidizing the production and export of threaded rod from India. Under the U.S. countervailing duty laws, Commerce also will impose a duty to offset subsidies received by Indian threaded rod producers and exporters.

Steel threaded rod is commonly used in commercial construction to suspend electrical conduit, pipes for plumbing and fire protection, and HVAC duct work. It is also used for hanging suspended ceilings and elevated conveyor belts, bolting pipe joints in the waterworks sector, and installing earthquake- and hurricane-restraint roofing systems.

The International Trade Commission is expected to make its preliminary injury determination by mid-August 2013.