producer Posco expects to see a recovery in demand 2Q 2019 as a result of improved automotive and shipbuilding demand in South Korea. Direct exports of steel from South Korea by all manufacturers saw a 1.6% year over year drop in 1Q 2019. One risk to Posco’s outlook comes from U.S. trade regulations. ​​​​​​​Those include a potential rearrangement of import quotas due to USMCA as well as the forthcoming 232 review of the automotive industry. Posco’s U.S.-bound shipments fell 9.3% year over year in 1Q as the result of a 13.3% drop in shipments from South Korea being joined by lower exports...