TheStreet: China's Steel Producers Choke

By SIMON CONSTABLE

NEW YORK (The Street) -- China's steel producers seem to have indigestion. It's a sign that things are not quite right in the world's second-largest economy, where steel is used in industries from construction to automobile manufacturing. 
It's as worrying as if your 17-year-old son who usually eats you out of house and home suddenly and inexplicably lost his appetite. For years, China's economy voraciously dined on steel bars for breakfast, lunch and dinner. 
To see how that's changing, take a look at the chart showing year-to-year growth for China's steel production, based on data for crude steel output from the World Steel Association. It says the data it collects account for about 98% of global production. China produces about half of that each year.
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