Govt to go ahead with zero steel tariff plan<\/p>\n
Despite concerns from local steel producers, the government is
\ndetermined to go ahead with its plan of lifting tariffs on steel
\nimports to cope with the domestic supply shortage.<\/p>\n
"The (steel) shortage will last over a year, even five years.
\nIf we don't encourage steel imports we may get no steel from
\nsupplier countries because there is now a shortage globally,"
\nSubagyo, Director General for Metal, Electronic Machines, and
\nVarious Industries at the Ministry of Industry and Trade, said on
\nSunday.<\/p>\n
He said the government had held talks with supplier countries
\nsuch as Poland, the Ukraine, and other ex-Soviet Union countries
\nto guarantee a steel supply for the foreseeable future.<\/p>\n
He said local steel producers should not be worried about the
\npolicy, because the government had made sure that local steel
\nusers would absorb their output.<\/p>\n
"I held a meeting with people from the downstream industry,
\nduring which I urged them to buy locally made steel first. If the
\nlocal supply is inadequate, then they can import steel," said
\nSubagyo.<\/p>\n
He said the government would not issue a decree obliging steel
\nusers to buy only locally made steel, as it believed users
\nrealized the importance of the local steel industry's survival. -- JP<\/p>\n
Indonesian Steel Production & Consumption
\n___________________________________________________________________________
\nHOT ROLLED COIL (HRC)
\n___________________________________________________________________________<\/p>\n
Year Production Consumption<\/p>\n
(million tons) (million tons)<\/p>\n
1999 1.0 1.5
\n2000 1.3 2.0
\n2001 1.45 2.1
\n2002 1.3 2.2
\n2003 1.0 2.3
\n__________________________________________________________________________
\nCOLD ROLLED COIL (CRC)
\n__________________________________________________________________________<\/p>\n
Year Production Consumption<\/p>\n
(100,000 tons) (100,000 tons)<\/p>\n
1999 4.0 5.8
\n2000 4.5 9.5
\n2001 5.1 9.5
\n2002 4.0 11.0
\n2003 3.6 11.3
\n______________________________________________________________________________<\/p>\n
Source: PT Krakatau Steel<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/govt-to-go-ahead-with-zero-steel-tariff-plan-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }