It is reported that South Korea imported 13.4 million tons of steel products in 2014, soaring by 34.9% from the last year.

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 128 million tonnes (Mt) in February 2015, a 0.6% increase compared to February 2014.

European Union trade officials approved pre-emptive penalties on imports of steel pipe from China, a precedent-setting move that suggests the trading bloc is growing more protectionist in the face of the economic downturn.

China's central bank is entitled to impose restrictive examinations on gold and gold production, according to a guideline issued on Mar 19.

China's economy faces increased downward pressure this year but the slowdown is stabilizing, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Mar 22, 2015.

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 133 million tonnes (Mt) in January 2015, a -2.9% decrease compared to January 2014.

Indonesia has joined a growing list of countries that have imposed protectionist measures to safeguard interests of their domestic steel industries. Indian steel companies, too, have sought a duty hike to counter the impact of rising steel imports and are pinn...

China's steel production grew at its slowest rate in more than three decades in 2014 as a cooling economy in the world's largest producer curbed demand and the government moved to tackle overcapacity and pollution.