Indonesian domestic steel can not meet the demand of Indonesia

Posted:2021-05-14 14:26:26

Jakarta news, Erwin taufan, vice president of Indonesia Importers Association (GINSI), said in an interview that affected by the epidemic, Indonesia's steel imports from China in 2020 decreased greatly. However, with the economic recovery, the volume of steel imports from January to march in 2021 increased rapidly, with a year-on-year increase of 180% to 80371 tons, and the volume of steel imports in the first quarter of 2020 was 28696 tons.

However, compared with the first quarter of 2019, the amount of imported steel in the first quarter of 2021 decreased by 47%, and the amount of imported steel in the first quarter of 2019 was 167501 tons. Considering the cancellation of China's 13% tax-free steel export policy, Indonesia's steel import volume is expected to continue to decline in 2021.

The vice president said that with the development of Indonesia's industry, there is a lack of steel in Indonesia. The output of Indonesian steel plants is too small, with only 1.37 million tons, but the demand is up to 4 million tons. It can be said that most of them rely on imports. Therefore, the vice President disagreed with the Indonesian central government's anti-dumping measures against Chinese steel plants, which monopolized Indonesian steel plants and led to a sharp rise in prices, This has caused great losses to Indonesian industry and consumers.

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