Indonesia expects to raise steel consumption to 21m tpy by 2025

Indonesia expects to increase its steel consumption to as much as 21.4 million tonnes per year in eight years’ time, according to estimates published by the Indonesia Iron & Steel Industry Assn (IISIA).

The country would need to add 10 million tpy of domestic crude steel capacity by 2025 to achieve this goal. This could be done either by building new blast furnaces or new electric arc furnaces, at a projected annual growth rate of 8-9% per year. The Southeast Asian nation currently has capacity for 6.7 million tpy of iron production and 11.76 million tpy of steel. It has 15.6 million tpy of rolling mill capacity. Indonesia has good prospects for growth in steel consumption between now...

Published

Paul Lim

October 11, 2017

13:44 GMT

Singapore