BEIJING: China wants to work with the rest of the world to find an appropriate resolution to overcapacity in the steel sector, its foreign ministry said on Monday, after Britain asked the world’s top producer of the alloy to hurry up and tackle the problem. Britain’s Foreign Secretary Philip Hammond made the request while meeting his Chinese counterpart Wang Yi in Beijing on Saturday. A huge overcapacity and weak demand has prompted China, also the world’s top steel consumer, to ramp up exports to record highs, dragging down global prices of the commodity to decade lows.