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China’s slowing economy and tougher government anti-pollution efforts are taking a toll on its steel mills, rattling the world’s biggest producer of the alloy and flashing worries of a potential downturn in the global iron-ore trade.

The result is 2 percent of steel-making capacity will be eliminated this year, according to Mysteel.com, China’s largest industry researcher. At the same time, steel output will slow to a growth rate of 3 percent, from 7.5 percent in last year, Mysteel said.

Read more at: http://www.businessweek.com/news/2014-04-10/china-s-li-swaps-steel-production-for-cleaner-air-commodities