NEW YORK The
Commerce Department has set preliminary dumping margins ranging
from 68.41 to 74.9 percent on imports of steel threaded rod
The decision is
expected to discourage imports of Thai threaded rod, and some
market participants said they have already seen a decline in
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
"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."
adverse facts available to the only mandatory respondent,
Tycoons Worldwide Group (Thailand) Public Co. Ltd., because
Tycoons failed to respond to the departments
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).