Cogent Power GOES prices to rise
Canadian Cogent Power designs and manufactures transformer cores and components, including distributed gap cores, toroidal cores, and assembled step lap core and sheet products, supplying to a wide range of customers in the USA, Canada and Mexico.
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Canadian Cogent Power designs and manufactures transformer cores and components, including distributed gap cores, toroidal cores, and assembled step lap core and sheet products, supplying to a wide range of customers in the USA, Canada and Mexico.
The recent grain-oriented electrical steel anti-dumping case filed by US producers AK Steel and Allegheny Ludlum affected all manufacturers of transformers, both large power transformers and distribution transformers.
The industry insiders say that some Cogent customers may relocate as a result. “Certainly there are businesses that will consider the option of relocating to have unrestricted and competitive access to globally supplied material,” said Ron Harper, president of Cogent Power Inc., “but it’s too early to tell. Final decisions will likely be made once the DOC and ITC complete and report on their investigations.”
As Cogent imports GOES from sister facilities and the global market, and there are no other GOES producers in Canada, the company is not subject to import restrictions from global material sources. However, “we are respectful of the US market and pricing, and balance our purchases from US and global suppliers,” Harper said. “Generally speaking, we are seen as a company that works with the US producers and industries…with this trade petition, in some cases it creates restrictions for us, and in others it may create opportunities. It all depends on the value that customers see that we provide to them and what the final DOC and ITC rulings are,” Harper said.
If the Department of Commerce rules in favor of US producers, the prices are likely to rise.
Source: MetalMiner
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