The steel industry is one of the first looked to to see if there are signs of sustainable recovery or not, and the news from that from for domestic steel isn't good.
Even though domestic steelmakers have improved their capacity utilization, it has done nothing to generate demand for steel, as there's simply little activity to spur demand for steel, and nothing will change that any time soon.
Steelmakers say not only is there not much demand for steel, but they don't expect demand to increase in the near future at all.
This does change somewhat for overseas markets where deamdn for iron ore and seaborne coking caol is increase from Asian steelmakers. Coal exporters are very excited about how this will drive demand for their products.
For 2010 it looks like coal to supply Asian steelmakers will be in high demand, with some producers saying they've already sold out of their inventory, with iron ore expected to face demand pressures as well.
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