India's Growing Steel Industry Affects Material Purchasing Plans by Japanese Steelmakers

摘要

The rapidly developing steel industry of India is, along with China, having an impact on the materials market in the Pacific area, and also affecting the plans for the purchasing of material by Japanese steelmakers. China's impact has so far been limited to the areas of iron ore, but India is having an impact on both iron ore and coking coal purchases. Japan's blast furnace steelmakers are being forced to take into consideration India along with China, South Korea, and Taiwan in their purchase plans.