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Today's Headlines Steel Import

  • Investment in Indonesia: Great Opportunities for Steel Producers

    Investment in Indonesia: Great Opportunities for Steel Producers

    The Indonesian Iron & Steel Industry Association (IISIA) says Indonesia is in big need of investment in the steel industry in order to expand the nation's steel production capacity. In the years ahead, steel demand is expected to rise strongly in Indonesia on the back of construction and infrastructure projects. Without investment, Indonesia will become increasingly dependent on steel imports.

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  • 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.

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  • Indonesian Steel Producers Urge Gov't to Monitor Imports Better

    Indonesian Steel Producers Urge Gov't to Monitor Imports

    Indonesian steel manufacturers urge the Indonesian government to improve the monitoring of steel trade as rising steel imports undermine the performance of domestic steel producers. Hidayat Triseputro, Executive Director of the Indonesian Iron and Steel Industry Association (IISIA), said domestic steel production capacity is indeed not enough to meet domestic steel demand. However, importers are currently taking advantage of the import policies, and this comes at the expense of expansion of the domestic steel industry.

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  • 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).

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  • 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.

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  • 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.

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  • Steel Consumption Indonesia Rose in the First Half of 2016

    Steel Consumption Indonesia Rose in the First Half of 2016

    Steel consumption in Indonesia is expected to rise to 13-14 million tons in 2016, from 11.3 million tons in the preceding year. Growth is supported by infrastructure development in Indonesia. Data from the Southeast Asia Iron and Steel Institute (SEAISI) shows that steel consumption in Indonesia rose 11 percent year-on-year (y/y) to 6.4 million tons in the first half of 2016. In fact, many local companies are currently buying steel to fill their warehouses as the steel price tends to be highest in the January-February period.

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  • Gas Price Behind Weak Competitiveness Indonesia's Steel Industry

    Gas Price Behind Weak Competitiveness Indonesia's Steel Industry

    The competitiveness of Indonesia's steel industry remains weak. One of the main issues being the high gas price in Indonesia. High input costs make it difficult for the domestic steel industry to expand as investors prefer to import steel from abroad (mainly from China) for their infrastructure projects in Indonesia. Southeast Asia's largest economy needs about 12.5 million tons of steel per year. However, Indonesia's steel industry can only supply about 30 percent of this demand, the remainder being imported.

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  • Deficit in Indonesia's Steel Industry Puts Pressure on Trade Balance

    Deficit in Indonesia's Steel Industry Puts Pressure on Trade Balance

    Indonesia imports between 6.5 - 7.5 million tons of steel each year to meet domestic demand. Given that Indonesia's steel exports are insignificant it therefore implies that steel is one of the components that puts heavy pressure on the country's trade balance. The steel deficit of Indonesia is estimated to reach USD $7 billion this year. Indonesia requires some 12.5 million tons of steel per year for its construction projects. However, the domestic steel industry can only supply about 6 million tons of steel.

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  • 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.

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Latest Columns Steel Import

  • 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.

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  • No Anti-Dumping Duties on Steel Imports for Indonesia's Automotive Sector

    No Anti-Dumping Duties on Steel Imports for Indonesia's Automotive Sector

    The Indonesian government approved the request of Indonesia's automotive sector to be exempted from the anti-dumping duties that have been imposed on imports of steel from specific countries. Through Finance Ministry Regulation No. 65/2013 on Anti-Import Duties, the government set import duties - ranging between 7 and 55.6 percent - for steel imports from China, Japan, South Korea, Taiwan and Vietnam in an effort to protect the domestic steel manufacturing industry amid a global steel oversupply (particularly caused by a supply glut in China).

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