GOES MMI: 10K Section 232 Steel Exemption Requests But No Additional GOES Requests

Based on a quick search of exemption requests to the Section 232 steel tariffs, the Department of Commerce received 9,935 requests as of press time. However, MetalMiner could not find any additional grain-oriented electrical steel (GOES) requests since last month, when Nachi American Incorporated filed four requests on grounds that the only domestic GOES producer can not produce in the widths required.

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Imports notched back up in May, as did imports from Japan: 

New Round of Pricing

U.S. GOES M3 prices jumped 8% this past month while Japanese mills have begun their GOES negotiations for the second half of this year, with anticipated price increases of over $100, according to a recent TEX Report.

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Exact GOES Coil Price This Month

The U.S. GOES coil jumped from $2,474/mt to $2,712/mt. The MMI increased 18 points from 179 to 197.

The GOES MMI® collects and weights 1 global grain-oriented electrical steel price point to provide a unique view into price trends over a 30-day period. For more information on the GOES MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.