U.S. , Mexico Reach Agreement on Transshipment of GOES

SEATTLE (Scrap Monster): The United States and Mexico on Nov. 5 announced an agreement on transshipments of grain-oriented electrical steel (GOES).

Under the terms of the pact, “Mexico will establish a strict monitoring regime for exports of electrical transformer laminations and cores made of non-North American GOES,” the Office of the U.S. Trade Representative said.

As a result, Mexico will be exempted from any Section 232 limits on imports of electrical transformers and related parts.

“The resilience of North America’s energy infrastructure is significantly enhanced by having electrical steel production capability within our region,” U.S. Trade Representative Robert Lighthizer said. “An influx of low-price steel from third countries imperils this capability.”

Courtesy: AIIS