Japan's steel industry on the rise

Japan's steel industry on the rise driven by exports to China. Following the worst half-year production figures in 41 years during the period January-June 2009, the Japanese steel industry appears to be picking up, fuelled by exports to China, which makes and purchases almost half the world's steel. In addition, there are signs that automotive and domestic appliance manufacturers will begin to restock steel inventories that were depleted during the economic downturn.