Better times for steel makers?

From the Edge:

Despite the difficult market condition for steelmakers, Malaysia Steel Works (KL) Bhd (Masteel) expects to be profitable this year in anticipation of a recovery in demand for long bar and steel billets in the coming months.

I'm not really holding my breath. China has been buying lots of commodities as of late, but for what? to make stuff that the US doesn't want? I'm a bit skeptical.