Below is a list with tagged columns and company profiles.

Today's Headlines Steel Price

  • High Steel Price May Disturb Indonesia's Construction Projects

    High Steel Price May Disturb Indonesia's Constuction Projects

    Steel manufacturers are concerned that the recent surge in steel prices may disrupt domestic infrastructure development projects. Purwono Widodo, Director International Relations at the Indonesian Iron & Steel Industry Association (IISIA), said the price of steel - particularly hot rolled coil - has continued to increase, especially in the last two months.

    Read more ›

  • Steel Production Indonesia: Government Targets 5% Growth in 2017

    Steel Production Indonesia: Government Targets 5% Growth in 2017

    The Indonesian government targets to see domestic steel production rise by 5 percent year-on-year (y/y) in 2017. Strategies to encourage Indonesia's steel output include tighter supervision on steel imports and offering energy price incentives to domestic producers (in an effort to boost the competitiveness of Indonesian steel).

    Read more ›

  • Steel Producers in Indonesia to See Better Earnings in 2017

    Steel Producers in Indonesia to See Better Earnings in 2017

    The price of hot rolled coil (HRC) steel in Indonesia jumped 20 percent to USD $600 per ton in the first quarter of 2017, from USD $500 per ton in the same quarter one year earlier. This price growth is encouraged by the rising global steel price, a trend that is expected to continue in the remainder of 2017. Based on data from MEsteel, a Middle East b2b steel portal, the price of the benchmark HRC stood at USD $545 per ton in March 2017, up 49 percent from USD $365 per ton in the same month one year ago.

    Read more ›

  • Steel Sales in Indonesia Expected to Grow in 2017

    Steel Sales in Indonesia Expected to Grow in 2017

    Sales of steel in Indonesia are expected to grow 7 percent year-on-year (y/y) to 15 million tons in 2017, from an estimated 14 million tons of steel sales this year. This growth is attributed to rising infrastructure development in Indonesia and the lower gas price (which is expected to be a reason for the nation's steel manufacturers to boost output). Purwono Widodo, Director for International Relations of the Indonesian Iron and Steel Association (IISIA), said steel sales in Indonesia fell in 2015 but rebounded in 2016.

    Read more ›

  • Steel Industry Indonesia: Infrastructure Projects & China Production Cuts

    Steel Industry Indonesia: Infrastructure Projects & China Production Cuts

    After a three-year slowdown, the steel industry of Indonesia is showing some positive developments supported by government-led infrastructure projects in Indonesia and the rising global steel price. The price for (benchmark) hot rolled coil has surged 47 percent since the start of 2016 to USD $485 per ton (May 2016 delivery). In late 2015 the price of hot rolled coil was as low as USD $265 per ton. Moreover, the mandatory usage of locally-manufactured steel for the infrastructure projects will have a positive impact on Indonesia's steel industry.

    Read more ›

  • Steel Imports from China into Indonesia Surged in 2015

    Steel Imports from China into Indonesia Surged in 2015

    Indonesia's steel and iron producers urge the government to limit imports of steel into Indonesia as these imports are a burden on the domestic steel industry. Data from the Indonesian Iron and Steel Industry Association (IISIA) show that steel imports from China - the world's largest steel producer - into Indonesia jumped 94 percent year-on-year (y/y) to 3 million tons in 2015. This surge is particularly caused by foreign contractors working on infrastructure projects in Indonesia.

    Read more ›

  • Update on Indonesia's Steel Manufacturing Industry

    Update on Indonesia's Steel Manufacturing Industry

    Demand for steel in Indonesia is expected to rise in 2016 on enhanced infrastructure development. However, the majority of steel - approximately 60 percent of total demand in Indonesia - is still being imported from abroad (primarily China). Gusti Putu Suryawirawan, Director for Base Metal Industries at Indonesia's Industry Ministry, said the government is eager to support the domestic steel manufacturing industry in order to avert further domination of foreign manufactured steel on the Indonesian market.

    Read more ›

  • Steel Industry Indonesia Still Plagued by Chinese Competition

    Steel Industry Indonesia Still Plagued by Chinese Competition

    The overall capacity utilization of Indonesia's steel industry could grow to 80 percent from 50 percent currently. However, it will require government support. Hidayat Triseputro, Executive Director of the Indonesian Iron and Steel Industry Association (IISIA), is optimistic this target can be achieved as the government's push for infrastructure development is showing positive signs (in the second half of 2015 there have been more groundbreaking ceremonies for large government-led infrastructure projects across the country).

    Read more ›

  • Indonesia to Impose Anti-Dumping Import Duties on Steel Products

    Indonesia to Impose Anti-Dumping Import Duties on Steel Products

    The government of Indonesia plans to introduce a 15 percent anti-dumping duty on steel to prevent massive steel imports thus supporting Indonesia’s domestic steel industry. Indonesia is not the first country to introduce anti-dumping import duties on steel products. China imposed anti-dumping duties on certain stainless steel tubes from Japan and the European Union (thereby increasing the global steel oversupply), while Malaysia imposed anti-dumping duties on hot rolled coils imported from China and Indonesia.

    Read more ›

  • Indonesia’s Steel Industry Affected by Oversupply in China

    Indonesia’s Steel Industry Affected by Oversupply in China

    Irvan Kamal Hakim, Director at Krakatau Steel (Indonesia’s largest steel manufacturer), said that the domestic steel industry is still affected by prolonged concerns about excess steel supply in China, the world's largest steel producer. Amid slowing economic growth in the world’s second-largest economy, domestic steel demand in China has declined resulting in a global oversupply of 525 million tons. Each 1 percent decline in GDP growth in China results in an additional oversupply of 24 million tons of steel.

    Read more ›

Latest Columns Steel Price

  • Indonesian Companies in Focus: Steel Pipe Industry of Indonesia

    Indonesian Companies in Focus: Steel Pipe Industry of Indonesia

    Steel pipe and tube manufacturer Steel Pipe Industry of Indonesia (Spindo), which has the largest steel pipe production capacity among manufacturers in Indonesia, is expected to show solid corporate earnings in the period ahead as the company bought raw materials for its production process when the hot-rolled coil (HRC) price was near its lowest at USD $265 per ton. Investa Saran Mandiri expects that Spindo's earnings will improve markedly starting from the second quarter of 2016 as the HRC price has risen to USD $485 per ton in May 2016.

    Read more ›

  • Steel Price Rises but China and Other Steel Producing Nations Divided

    Steel Price Rises but China and Other Steel Producing Nations Divided

    The price of steel has surged 20 percent to USD $365 per ton in April 2016 from USD $305 per ton at the start of the year. The primary reason for the higher steel price is China's plan to curtail the country's installed steel production capacity by a further 150 million tons over the next five years. In recent years the steel price has dropped significantly due to the global oversupply, mainly originating from the chronic steel oversupply in China where domestic demand declined amid the nation's economic slowdown.

    Read more ›

No business profiles with this tag