Week in Review: Catalytic Converters, ArcelorMittal’s Ilva Bid and $200B in Tariffs

• MetalMiner’s Stuart Burns wrote on a subject that is, unfortunately, relevant to owners of automobiles: a rise in catalytic converter thefts in the U.K.
• Moody’s had some positive news about the Indian steel sector in a recent report, Sohrab Darabshaw writes.
• ArcelorMittal’s takeover bid of Italy’s Ilva draws nearer, Burns writes.
• In case you missed it, we released our Monthly Metals Index (MMI) report earlier this week.
• The big trade news of the week came when the Trump administration announced plans to impose tariffs worth $200 billion on Chinese goods effective Sept. 24.
• In other company news, Burns wrote about Norsk Hydro’s decision to back off from a previous deal that would have seen it acquire Rio Tinto’s aluminum smelter in Iceland.
• While having some fun with a bit of cinematic speculation, Burns writes about cars — specifically, which one James Bond will drive in the next installment of the series.
• The European Commission released a statement this week outlining the E.U.’s proposals for modernizing the World Trade Organization (WTO), which is now nearly a quarter of a century old.
• MetalMiner’s Lisa Reisman spoke at a recent conference in Grand Rapids, Michigan, focusing on the ways in which businesses are mitigating risk in the face of tariffs.
• By many indications, the next recession is a matter of when, not if.

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