FILE - In this Nov. 18, 2004 file photo, a worker stands on a stack of rolled steel, shipped from the Baosteel factory in Shanghai destined for car manufacturers, on a dock in Guangzhou in south China's Guangdong province. China’s biggest steelmaker Bapsteel Group said Thursday, Sept. 27, 2012 it has shut down a mill in Shanghai due to lack of demand in a new sign of weakening growth in the world’s second-largest economy. (AP Photo/Greg Baker, File)

Associated Press
FILE - In this Nov. 18, 2004 file photo, a worker stands on a stack of rolled steel, shipped from the Baosteel factory in Shanghai destined for car manufacturers, on a dock in Guangzhou in south China's Guangdong province. China’s biggest steelmaker Bapsteel Group said Thursday, Sept. 27, 2012 it has shut down a mill in Shanghai due to lack of demand in a new sign of weakening growth in the world’s second-largest economy. (AP Photo/Greg Baker, File)
FILE - In this Nov. 18, 2004 file photo, a worker stands on a stack of rolled steel, shipped from the Baosteel factory in Shanghai destined for car manufacturers, on a dock in Guangzhou in south China's Guangdong province. China’s biggest steelmaker Bapsteel Group said Thursday, Sept. 27, 2012 it has shut down a mill in Shanghai due to lack of demand in a new sign of weakening growth in the world’s second-largest economy. (AP Photo/Greg Baker, File)
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