Indonesian Political, Business & Finance News

Steel producers cry out: Steel imports must not destroy local industry

| Source: CNBC Translated from Indonesian | Trade
Steel producers cry out: Steel imports must not destroy local industry
Image: CNBC

Jakarta — Rising commodity prices amid the turmoil of the Middle East conflict and the Russia-Ukraine war have become a sentiment affecting Indonesia’s steel industry.

Vice President of Tatalogam Group, Stephanus Koeswandi, stated that Tatalogam Group, a steel-based building materials producer manufacturing products such as metal roof tiles and light steel, has seen raw material costs rise due to global commodity price fluctuations.

By 2026, the steel industry hopes that imported steel supplies, such as those from China, can be controlled so as not to destroy local producers. This can be achieved through government efforts to establish Indonesian National Standards (SNI) for imported products circulating in Indonesia.

Facing these conditions, Tatalogam is focusing on strengthening its production capacity from 250,000 tonnes to 500,000 tonnes per year to reach a larger market.

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