2021 Steel Production Capacity Target Almost Reached: https://www.republika.co.id/berita/r0njmf415/target-kapasitas-produksi-baja-2021-hampir-tercapai/8 October 2021
An independent national steel industry is expected to be able to support the growth of the national economy. The government continues to encourage the development of the local steel industry so that its capacity can be increased. Director General of Metals, Director General of Ilmate, Ministry of Industry, Budi Susanto, said that the national steel production capacity until the fourth month of 2021 had reached 11.7 million tons. Meanwhile, the target that has been set is 11.9 million tons.
The Ministry of Industry already has a master plan for the development of the national iron and steel industry. The plan was made from 2015 to 2035. In the second phase of the plan (2020-2024), the target production capacity at the end of 2024 is 17 million tons.
The Import is Stronger, Steel Production Will Improve: http://industri.bisnis.com/read/20170802/257/677279/impor-kian-ketat-produksi-baja-bakal-membaik/2 August 2017
The Indonesian Iron and Steel Association (IISIA) projects that steel production growth will improve in line with the government's policy of tightening steel imports and adding new steel plants.
Based on data from the Central Bureau of Statistics, the metal goods industry, not the machinery and equipment, recorded the highest production growth among other industries by 10.86% in the second quarter of 2017. The increase in this sector is the main driver of manufacturing industry production growth of 4% on an annual basis.
Hidayat Triseputro, Executive Director of IISIA said, the condition of the country's steel industry began to improve due to several factors. Namely, foreign factors, the price of steel (in China) has gone up significantly. Factors in the country, this is due to the effect of regulations and government policies related to tightening imports of steel, so steel consumers are beginning to switch to domestic production.
Basic Iron and Steel Manufacturing in Indonesia
Indonesia Industry Report and Market Research
May 22, 2024
Industry Code : C3710
Forecast to : 2028
Definition
Basic Iron and Steel Manufacturing in Indonesia This industry consists of enterprises engaged in the manufacture of primary iron and steel products, consisting of all processes from smelting in blast furnaces to rolling mills and foundries, that is, the production of billets, blooms, slabs of bars; hot and cold rolling and drawing into basic forms such as sheets, tin-plate, tern plate and black-plat, strips, tubes and pipes, rails, rods; and wire rods and heavy gauge wires castings and forging.
Activities
The primary activities of firms in this industry are :
The Basic Iron and Steel Manufacturing industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
