The European Commission has decided to extend the current import surveillance system covering trade in steel products until December 31, 2012. The system has also been updated to include coverage of flat stainless steel products and large welded tubes. The system allows the E.U. to monitor any sudden fluctuations in the steel market, thereby helping to keep track of global supply and demand trends in the increasingly volatile steel market.

http://trade.ec.europa.eu/doclib/press/index.cfm?id=502