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01 Aug
20:49

AK sees GOES uptick, pricing coming under pressure

AK Steel’s high-value grain-oriented electrical steel (GOES) business is ticking up due to improvements in the Nafta market, though recent Chinese trade cases are likely to foster competition and pressure pricing, Kallanish learns from the company’s second quarter conference call. AK Steel’s GOES volume has improved about 15% year-on-year as a result of renewed vigor in the housing market, says ceo Roger Newport. “The biggest part of o…
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