Indonesian Steel Imports Shrink by 34% YoY in 2020
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Indonesian Steel Imports Shrink by 34% YoY in 2020

VNA reported that Indonesia Ministry of Industry Director-General of Metal, Machinery, Transportation Equipment and Electronics Mr Taufiek Bawazier said

VNA reported that Indonesia Ministry of Industry Director-General of Metal, Machinery, Transportation Equipment and Electronics Mr Taufiek Bawazier said that Indonesia’s steel imports reduced by 34% in 2020 compared to the previous year, while its production jumped by 30% from 8.89 million tonnes to 11.58 million tonnes

Semis - 3.46 million tonnes, down by 4.7%

HR & Plates - 1.18 million tonnes, down by 28.0%

CR – 0.59 million tonnes, down by 35.6%

This year, Indonesia aims to lower steel imports by 50% from 2020.

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