The Department of Commerce has made an affirmative final determination in the antidumping duty investigation on imports of steel threaded rod from P.R. China.
Dumping occurs when a foreign company sells a product in the United States at less than normal value.
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According to the Department of Commerce, exporters/producers from China have sold steel threaded rod in the United States at 55.16 to 206.00% below normal value.
Mandatory respondent RMB & IFI received a final dumping rate of 55.16%, and nine Chinese exporters also received a separate final rate of 55.16%.
The final result for mandatory respondent Ningbo Yinzhou is based on total adverse facts available because the company failed verification. Ningbo Yinzhou and all other exporters will receive the China-wide rate of 206.00%.
As a result of this final determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on the final rates.
The petitioner for this investigation was Vulcan Threaded Products Inc. of Alabama.
The U.S. International Trade Commission is scheduled to make its final determination on or before April 8. If the ITC makes an affirmative determination that imports of steel threaded rod from China materially injure, or threaten material injury to, the domestic industry, Commerce will issue an antidumping order. If the ITC makes a negative injury determination, this investigation will be terminated.
Product covered by the investigation included steel threaded rod—solid, circular carbon quality steel threaded rod, bar, or studs of any diameter, in any straight length. The product may be forged, turned, cold-drawn, cold-rolled, machine straightened, or otherwise cold-finished, and will include the application of threaded grooves. The steel threaded rod, bar, or studs subject to this investigation are non-headed and threaded along greater than 25% of their total length, and may or may not include the application of any of a variety of finishes or coatings.
The investigation excluded (a) threaded rod, bar, or studs which are threaded only on one or both ends and the threading covers 25% or less of the total length; and (b) threaded rod, bar, or studs made to ASTM A193
Grade B7, ASTM A193 Grade B7M, ASTM A193 Grade B16, or ASTM A320 Grade L7.