ETN - GOES MMI: ABB Cooper Power Battle AK Steel In GOES Section 232 Exclusion Requests
By Lisa Reisman
GOES Monthly Metals Index ((MMI)) spot prices took a big drop, while large power equipment manufacturers went head to head with the sole U.S. producer of grain-oriented electrical steel (GOES), AK Steel (AKS).
GOES appears more challenging under Section 232 because both producers and manufacturers make the same national security argument. The sole producer of GOES wants tariff protections pitting supplier against customer, yet the power equipment manufacturers make an equally compelling case.
At issue is that the power equipment manufacturers want an exclusion for GOES not currently produced in