| Steelmakers in China, the world’s largest supplier, are cutting production yet again as faltering demand and a collapse in prices show no signs of abating. Crude steel output contracted 1.6 percent to 63.32 million metric tons in November from a year earlier, according to data from the statistics bureau Saturday.
Supply for the first 11 months dropped 2.2 percent to 738.38 million tons. The country makes about half the world’s steel. Demand in China is weakening as policy makers seek to steer Asia’s biggest economy away from investment-led growth to one driven by consumer demand and services...............................................Full Article: Source
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