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Latest News on The Threaded Rod Trade Cases

12/30/2013

We have recently received several rulings from the Department of Commerce and they have all been positive. They include a positive Countervailing Duty (CVD) ruling against India, a positive Anti-dumping ruling against Thailand (74%!) and a ruling of Critical Circumstances against Thailand.

Hopefully these rulings will stem the tide of illegally dumped threaded rod from Thailand and India and create a more level playing field in the market place. We are expecting the preliminary Anti-dumping ruling against Thailand in late February and the final rulings against both countries later in the Spring.

Here are the details:
Dec. 20th, 2013: Countervailing Duty (CVD) announced against India

  • The CVD preliminary determination in the investigation of threaded rod from India was published in the Federal Register.
  • This means that, effective for entries on and after Thursday, December 19, 2013, importers of threaded rod from India must make a cash deposit of the estimated CVD duties.
  •  The CVD rates are 8.13% for Mangal Steel Enterprises Ltd.; 38.98% for Babu Exports; and 8.13% for all other Indian producers and exporters.

Dec. 23rd, 2013: Preliminary Anti-dumping Determination made against Thailand.

  • Commerce determined that Thailand producers/exporters have sold steel threaded rod at margins ranging from 68.41% to 74.90%.
  • Commerce determined adverse facts available to the only mandatory respondent, Tycoons Worldwide Group because they failed to respond. Accordingly, Tycoons received a preliminary dumping margin of 74.90%.
  • As a result of these affirmative determinations, Commerce will instruct U.S. Customs and Border Protection to require cash deposits on subject merchandise from Thailand.

Dec. 29th, 2013: In addition to the preliminary dumping margins, the DOC also made an affirmative preliminary determination of “critical circumstances” for Thailand.
This means that imports of threaded rod from Thailand that were entered during the 90-period prior to the publication of the DOC’s preliminary dumping determination in the Federal Register are potentially liable for dumping duties.