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Asian steel markets have long been at the centre of the global steel industry. The focus within the region has shifted however, and another transition is now underway. China is facing peak steel as it reforms away from an investment-led economy. Japan is restructuring itself for weaker domestic demand. Southeast Asia and India meanwhile are ascendant, with demand and capacity set to grow rapidly in the coming years. Key steel industries and steelmakers in the region are positioning themselves for a world that is not only post-Covid, but also driven by these emerging giants.