Report: China's Imports of Steel Fall
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China's steel imports declined over the first nine months of the year in reaction to higher international prices, while exports soared, state media reported Friday.
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By SCOTT McDONALD  BEIJING - China's environmental watchdog admitted Monday the country had failed to reach any of its pollution control goals for 2006 and had fallen further behind as the economy picked up speed.
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China released figures suggesting the economy is not decelerating as much as feared, easing concerns the government might have stepped too hard on the brakes.
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Figures show a fall in Japan's trade surplus, casting a shadow over the country's export-led recovery.
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WASHINGTON (CBS.MW) - The US trade deficit narrowed in July as imports fell for the first time in almost a year, the Commerce Department reported Friday.
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The countryâs trade deficit narrowed in January as coal and manufacturing exports rose, signaling that growth may pick up in the Asia-Pacific regionâs fifth-largest economy. The trade shortfall narrowed to 876 million Australian dollars ($677 million) from 1.38 billion Australian dollars in December, the Bureau of Statistics reported. Exports rose 2 percent and imports dropped 1 percent. Total exports climbed to 18.12 billion Australian dollars in January. Farm exports like meat, sugar, wheat and wool declined 1 percent. Shipments of nonrural goods, which include minerals, increased 3 percent. Total imports fell to 18.99 billion Australian dollars from December. Imports of intermediate goods, which include fuel, decreased 1 percent.
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The Nikkei average fell 1 percent by  midsession on Thursday after sharp declines in metals prices  pushed down shares of steel makers and mining companies, which  had been big gainers over the past three months.
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China has expressed regret over a  request by the European Union, the United States and Canada for  a World Trade Organization (WTO) panel to hear their complaint  about China's tariff treatment of foreign auto parts.
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China's voracious demand for steel has  tempered of late, stoking fears of industry oversupply and  falling prices as China becomes a net exporter of steel, its  domestic demand slows down and global steelmaking capacity  rises, the Wall Street Journal said on Thursday.
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A once-ailing heavy industry is now in heavy demand. The next step? Global consolidation. For the last decade, much of the West&#39;s steel industry has been in the doldrums.
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Stocks fell on Thursday after a weak durable goods report raised concerns about the outlook for the economy and an assassination in Pakistan sparked worries about global political stability.
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Claiming that Chinese steel makers have dumped their products at below-cost prices, European steel makers have asked the European Commission to impose tariffs.
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SINGAPORE, Feb. 6 -- Stock markets across Asia plunged on fears that a U.S. recession will cut demand for exports.
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Annual economic growth in China has slowed for the third quarter in a row, to 9.1 percent, responding to Beijing&#39;s efforts to rein in breakneck investment and lending, third-quarter official data shows.
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China will selectively reduce spending to help trim its ballooning fiscal deficit, state media reported Monday, citing top economic officials.
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U.S. Steel has its share of problems. Don't let them become yours.
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U.S. blue-chip stocks ended slightly  lower in very light holiday trade  on Thursday after falling  steel shares limited advances as investors worried that weaker  demand from China may depress prices.