why does Japan lead in making of iron and steel industry
Answers
Answer:
ln order to save fuel, as weil as iron ore, Japanese industry made considerable use of scrap iron in the manufacture of steel. Scrap imports totalled 489,000 tons in 1930, 1,013,000 tons in 1933, 1,692,000 tons in 1935, 2,420,000 tons in 1937 and 2,555,000 tons in 1939.
Explanation:
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Answer:
Question :-
- Why does Japan lead in making of iron and steel industry?
Answer :-
- Iron and steel had been a leading industry in Japan and had been considered critical to economic growth by the Japanese government in the 1950s. This attitude, exemplified by government loans offered at favorable rates, led to rapid modernization and expansion of the domestic industry.