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

Fouad Egbaria | Posted on March 30, 2018 |

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.