Thailand Antidumping Determination and India Countervailing, Antidumping Investigation
Denver, CO (January 10, 2014) –
THAILAND: Antidumping Determination
On December 31, 2013, antidumping duties of 74.9% on Tycoon and 68.41% and all other Thai producers and exporters of threaded rod went into effect on December 31, 2013.
At the same time, the Department of Commerce made a preliminary determination of “critical circumstances” against Thailand which means that imports increased during the period June 27 through December 31, 2013 by 15% or more. As a result, the Department of Commerce could impose the above duties, 74.9% and 68.41%, on all Thai imports retroactive to October 2, 2013 (the first business day following 90 days prior to the Department of Commerce’s publication of its preliminary determination to impose antidumping duties on Thailand).
INDIA: Countervailing Duty Investigation
Imports of threaded rod from India have surged almost 30% during the period June 27 through December 31, 2013. As a result, the Department of Commerce will likely make a preliminary determination of “critical circumstances” against India in which case the Department of Commerce could impose countervailing duties (38.98% on Babu and 8.13% on Mangal and all others) on Indian imports retroactive to September 19, 2013, (the first business day following 90 days prior to the Department of Commerce’s publication of its preliminary determination to impose countervailing duties on India).
INDIA: Antidumping Investigation
Should the Department of Commerce make the above preliminary determination of “critical circumstances” against India, and this is important, retroactive import duties will likely also apply back to September 19, 2013 on Indian imports in the amount of any antidumping duties imposed by the Department of Commerce against India, which determination is due February 10, 2014, one month from today. Please note that we anticipate that the antidumping duties imposed on India will be greater than the countervailing duties already imposed on India. As a result, importers could face the imposition of substantial retroactive duties to September 19, 2013 on imports from India.