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" ... Meanwhile, investors think, hope or pretend they can pressure steelmakers, utilities, etc. to abandon fossil fuels. Nice idea in theory. In practice, it looks like Climate Action 100+ (ca100+), an investor-engagement group representing over $50 trillion in assets, asking companies to set carbon targets, disclose climate risk and improve environmental governance. ... "
" ... Under the U.S. quota arrangement for South Korean goods, which took effect last May, annual U.S. imports of South Korean steel products have been limited to 70% of the average from 2015-2017. The quotas are administered on a quarterly basis, and so the ability for a U.S. manufacturer to source from South Korean steelmakers is constrained by what other U.S. manufacturers have already purchased in that quarter. Businesses do not share this type of information with each other, and hence the process is plagued with uncertainty. A U.S. firm does not know how much has been purchased by other U.S. firms for that quarter, and a South Korean steelmaker does not know how much its South Korean competitors have shipped to U.S. manufacturers. ... "