NEW YORK The Commerce Department has set preliminary dumping margins ranging from 68.41 to 74.9 percent on imports of steel threaded rod from Thailand.
The decision is expected to discourage imports of Thai threaded rod, and some market participants said they have already seen a decline in shipments.
But imports spiked shortly after the case was filed, and consumers will have to use the extra inventory before the trade case has a strong effect on pricing, said Alan Logan, operations manager at Vulcan Threaded Products Inc., one of the petitioners in the trade case.
"The case is working. Volume from Thailand has basically dried up," Logan said. "Were hoping that as all the excess material gets worked off, were going to pass domestic steel (wire rod) price increases into the market."
Commerce applied adverse facts available to the only mandatory respondent, Tycoons Worldwide Group (Thailand) Public Co. Ltd., because Tycoons failed to respond to the departments questionnaire.
Threaded rod imports from Thailand increased to 11,300 tonnes in 2012 from 3,400 tonnes in 2010.
U.S. producers All American Threaded Products Inc., Denver, and Standard Manufacturing Inc., Brentwood, Calif., as well as Pelham, Ala.-based Vulcan, have already welcomed Commerces earlier preliminary determination to set countervailing duty margins on Indian shipments of steel threaded rod (amm.com, Dec. 13).