Representatives of the Chinese Iron & Steel Association will meet with government officials today to discuss the outlook for production. A central concern in the near term is the impact of production on pollution, particularly ahead of this fall’s five-yearly party Congress. Exports are already falling. There was a 17% drop in June on a year earlier of all steel products, including a 71% slump in steel rod shipments. The perceived threat of new tariffs or quotas from the U.S., resulting from the Trump administration’s section 232 review of the industry, should not be overstated. The U.S....