GOES imports to weaken despite ITC: analyst

Aug 28, 2014 | 04:59 PM | Rey Mashayekhi

Tags  GOES, grain-oriented electrical steel, International Trade Commission, Commerce Department, anti-dumping, Ben Ehmcke, AK Steel, Allegheny Technologies Japan

NEW YORK — Foreign producers of grain-oriented electrical steel (GOES) will be "extremely cautious" about the volume of material they ship to North America in the coming months, one market analyst said, despite this week’s ruling that struck down proposed dumping duties on U.S. imports from Germany, Japan and Poland.

"(Foreign GOES producers) are still going to be extremely cautious about the amount of material coming into the U.S.," electrical steel market analyst Ben Ehmcke told AMM. "I’ve been told by several value-added GOES material sources that Japan, (South) Korea and China are all saying there will be very limited availability of material (imported into North America). ... They’re telling the (transformer core) processing companies that there’s going to be a very tight....





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