Week in Review: A Turbulent March, KORUS and Rising SHFE Stocks

by on

natali_mis/Adobe Stock

Before we head into the weekend, let’s take a look back at the week that was and some of the stories here on MetalMiner:

Need buying strategies for steel in 2018? MetalMiner’s Annual Outlook has what you need

  • March has been a turbulent month in the world of commodities — MetalMiner’s Irene Martinez Canorea looked back at the month that was.
  • Volkswagen had its own Dieselgate scandal, and now BMW is in hot water for its own emissions rigging issues, MetalMiner’s Stuart Burns explained.
  • Earlier this week, the U.S. and South Korea announced an agreement in principle regarding tweaks to the two countries’ free trade agreement, in addition to exemptions for the latter vis-a-vis the recently announced Section 232 tariffs on steel and aluminum (including a 70% quota).
  • An effort to curb pollution by cargo ships will likely lead to rising shipping costs, Burns wrote earlier this week.
  • The U.S.’s recently announced tariffs are part of a bigger play in the game of global trade relationships, Burns writes.
  • Burns looked into rising Shanghai Futures Exchange stocks, on the heels the winter’s environmental crackdown on smelter production by Beijing.
  • A new African free trade agreement could increase and harmonize trade among African nations.
  • U.S. imports of steel through the first two months of the year are down 5.3% year over year, according to an American Iron and Steel Institute (AISI) report this week.
  • According to a World Steel Association report, global crude steel production in February was up 3.5% year over year.

MetalMiner’s Annual Outlook provides 2018 buying strategies for carbon steel

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.