Commerce Preliminarily Finds Unfair Dumping of Steel Threaded Rod from China
October 6, 2008On October 2, the Department of Commerce (Commerce) announced its affirmative preliminary determination in the antidumping duty investigation on imports of steel threaded rod from the People’s Republic of China (China). Dumping occurs when a foreign company sells a product in the United States at less than fair value.
Commerce preliminarily determined that exporters/producers from China have sold steel threaded rod in the United States at 77.85–206.00% below normal value.
Mandatory respondents RMB & IFI and Ningbo Yinzhou, received preliminary dumping rates of 77.85% and 176.57%, respectively. Nine Chinese exporters received a separate preliminary rate of 91.22%. All other exporters will receive the China-wide rate of 206.00%.
As a result of this preliminary determination, Commerce will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on the preliminary rates.
The merchandise covered by this investigation includes steel threaded rod, which is certain threaded rod, bar, or studs, of carbon quality steel, having a solid, circular cross section, of any diameter, in any straight length, that have been forged, turned, cold-drawn, cold-rolled, machine straightened, or otherwise cold-finished, and into which threaded grooves have been applied. In addition, the steel threaded rod, bar, or studs subject to this investigation are non-headed and threaded along greater than 25% of their total length. A variety of finishes or coatings may be applied to the merchandise.
Steel threaded rod is currently classifiable in Chapter 73 of the Harmonized Tariff Schedule of the United States (HTSUS) under subheading 7318.15.5060. While the HTSUS subheading is provided for convenience and customs purposes, Commerce’s written description of the scope of this investigation is final and conclusive.
The following are excluded from the scope of the investigation: (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 American Society for Testing and Materials (ASTM) A193 Grade B7, ASTM A193 Grade B7M, ASTM A193 Grade B16, or ASTM A320 Grade L7.
From 2005 to 2007, imports of steel threaded rod from China increased 9.8% by volume; they were valued at an estimated $72.3 million in 2007.
Commerce is currently scheduled to make its final determination in December 2008. If Commerce makes a final affirmative determination, and the U.S. International Trade Commission makes a final 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.
For a fact sheet, visit the International Trade Administration’s Web site.