Japan is the world’s second largest steel producer, it is also the second biggest steel-exporting country in Asia (mostly to China, South Korea and Thailand). To meet demand, it is no surprise that Japan is also one of the world's three largest iron ore importers.
Almost 80% of Japan’s steel production capacity is controlled by just 5 big companies, so market entry is extremely difficult. Steel production is concentrated around Tokyo Bay, Osaka Bay, and Hakata Bay.
[1] BEROE, Impact of the Japan Earthquake on the Steel Industry, 2011
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