(Bloomberg) — Peak steel arrives in China this year, according to Morgan Stanley, which forecast that production and consumption of the alloy will decline after 2015 as the second-largest economy matures. Steel output in the world’s top producer will peak at 806 million metric tons this year, drop to 801 million tons in 2016 and decline further to 795 million tons in 2017, the bank said in a commodities report on Monday. The comments reiterated remarks made by the bank’s analysts in a Dec. 16 note. China expanded at the weakest pace last year since 1990 amid a property market slowdown, as policy makers sought to shift the economy more toward consumption. The slowdown in the country that accounts for about half of global steel production contributed to a collapse in iron ore prices, which sank 47 percent in 2014. The drop was also spurred by a supply surge […]