02 Aug 2006, Beijing, China — A welder works with steel on the construction site of a high-rise building in Beijing’s Central Business District. China’s steel corporations will need to consider mergers in order to remain competitive, according to the China Iron and Steel Industry Association.China is the world’s largest producer of steel and is expected to produce 410 million tons of unprocessed steel this year. — Image by © Michael Reynolds/epa/Corbis