After you use the socket to drive the screw to turn down and re-thread the screw, it will be concentric. As least within the tolerance of the fit of the wrench into the socket.
I often use old or new bolts as stock to turn into other things I need. Chucking a clean bolt in a collet, I have discovered that neither the hex head or the threads are concentric with the shank on most bolts. I doubt it would cause any issues in most situations.

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