The Indonesian Iron and Steel Industry Association (IISIA) warns that imported steel has seriously threatened the development of the domestic steel industry. Data shows that in 2024, Indonesia's steel imports reached 8.72 million tons, far exceeding exports of 5.96 million tons, causing domestic capacity utilization to fall below 40%, a historic low.
Currently, imports of hot-rolled steel, cold-rolled steel, and coated products have surged, with the average capacity utilization of domestic steel mills below 40%. Imports of Pre-Engineered Buildings (PEB) reached 712,000 tons, squeezing the local construction steel market.
The industry calls for following Canada's example by implementing a transparent quota system to strengthen supervision of steel imports and protect the steel industry chain, a pillar of the national economy. Experts point out that the steel industry involves multiple strategic sectors such as construction and automotive, and the government needs to introduce protective policies as soon as possible to safeguard industrial security.
The Indonesian Iron and Steel Industry Association (IISIA) warns that imported steel has seriously threatened the development of the domestic steel industry. Data shows that in 2024, Indonesia's steel imports reached 8.72 million tons, far exceeding exports of 5.96 million tons, causing domestic capacity utilization to fall below 40%, a historic low.
Currently, imports of hot-rolled steel, cold-rolled steel, and coated products have surged, with the average capacity utilization of domestic steel mills below 40%. Imports of Pre-Engineered Buildings (PEB) reached 712,000 tons, squeezing the local construction steel market.
The industry calls for following Canada's example by implementing a transparent quota system to strengthen supervision of steel imports and protect the steel industry chain, a pillar of the national economy. Experts point out that the steel industry involves multiple strategic sectors such as construction and automotive, and the government needs to introduce protective policies as soon as possible to safeguard industrial security.