China vows to reduce steel production, says Javid

China is committed to reducing the amount of steel it produces to address overcapacity, Business Secretary Sajid Javid said on Monday.

Speaking after a crisis meeting in Brussels about the global steel glut, Javid said there was “no overnight” solution but China was taking a positive step forward.

"The discussion today with all these countries coming together is something that we pushed for, and ... China's participation will help make the difference,” he said.

The OECD-organised meeting in Brussels was attended by representatives from about 30 countries including the US and India. It marked the first time all major steel-producing countries come together to hold talks on the problem with excess capacity, according to Javid.

The crisis in the steel industry has put jobs under threat in the UK due to the planned closure of plants.

Tata Steel said last month that it was beginning the formal process of selling its loss-making UK plants.