New figures show Chinese steel output has been slowing to start the year.
The latest figures from the National Development and Reform Commission show total crude steel output is down 1.5-percent through the first two months of this year.
Chinese mills still pumped out over 130-million tons of steel through the first two-months.
This is more than half of the world total.
But while output is down somewhat slightly, steel-makers profits are down around 45 percent year on year through January and February.
Steel prices have been on a downward slide since the start of the 2008 financial crisis.
The Ministry of Industry and Information Technology is suggesting it may take at least 2-years to tackle overcapacity in the Chinese steel sector.
Source: ecns.cn/
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