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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Joint venture established in 1987 by the European Commission (DG GROW) and the Japanese Government (METI) for promoting all forms of industrial, trade and investment cooperation between the EU and Japan.
The EU-Japan Centre’s activities are subject to the allocation of a Grant Agreement by the European Commission for 2024-2026