2/18/2014 10:05:00 AM
HEADLINES
U.S. Sets Preliminary Duties on Threaded Rod from India
The U.S. Commerce Department set preliminary duties of up to 120% on imports of steel threaded rods from India, Reuters reports.
The Commerce Department said the rods had been “dumped” in the U.S. market at prices 8.63% to 119.87% below fair market value.
In 2013, imports of steel threaded rods from India were valued at $19 million, according to Reuters.
A final decision on duties is expected by July.
Earlier this month a five-company coalition of U.S. producers of carbon and certain alloy steel wire rod was joined by Nucor Corp. in filing an antidumping duty petition charging that unfairly traded imports of wire rod from China are causing material injury to the domestic wire rod industry.
The dumping margins alleged by the domestic industry range from 100% to 110%. ©2014 GlobalFastenerNews.com
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