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    Government/Policy

    November 3, 2020

    Commerce to Move Forward on Section 232 Tariffs on GOES

    Written by Sandy Williams

    The Department of Commerce said it plans to move forward to implement tariffs or other trade remedies on imports of electrical steel components. Commerce launched a Section 232 investigation in May 2020 following comments by Cleveland-Cliffs CEO Lourenco Goncalves regarding the continued viability of AK Steel Butler, the sole producer of electrical steel in the United States. Goncalves threated to shut down the recently acquired plant if actions were not taken by the U.S. government to stem circumvention of existing tariffs on grain oriented electrical steel (GOES) products.

    Commerce will apply remedies to cover imported laminations and cores of GOES and will review recent exclusions granted to South Korea.

    Sandy Williams

    Read more from Sandy Williams

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