China’s resources industry leaders are confronting twin pressures likely to come into sharper relief this year: slower demand in the world’s largest commodity buyer coupled with Beijing’s tough new environmental standards. Speaking on the sidelines of this year’s annual legislative National People’s Congress, which concludes Sunday, China’s captains of heavy industry, from copper smelters to steel plants, said Beijing’s campaign to restructure the economy will likely result in lower profits, potential job losses and migrating capacity for the resources sector. The top exhibit lies just outside the nation’s capital Beijing: Hebei province, which has the capacity to produce a quarter of China’s steel — nearly three times the entire steel output […]