The US Department of Commerce (DOC) has announced its preliminary determination in the antidumping investigation of steel threaded rod from China.
The DOC has calculated the following dumping margins:
(a) IFI & Morgan Ltd. and RMB Fasteners Ltd. with affiliated producer Jiaxing Brother Fastener Co. Ltd. -- 77.85 percent
(b) Ningbo Yinzhou Foreign Trade Co. Ltd. / Ningbo Daxie Chuofeng Industrial Development Co. Ltd. / Zhejiang Guorui Industry Co. Ltd.-- 176.57 percent
(c) Separate Rate Applicants (nine companies or groups of companies) -- 91.22 percent
(d) PRC-wide rate (for all other Chinese producers and exporters) -- 206.00 percent
These dumping margins will go into effect for imports of threaded rod from China when the DOC's preliminary determination is published in the Federal Register. Publication in the Federal Register is expected to occur some time next week.
The DOC's final determination is currently due by December 15, but it could be postponed until mid-February 2009.