Indonesian floods likely to cause logistical issues for local steel industry

Flooding in the Indonesian capital of Jakarta that has killed at least 43 people and displaced approximately 400,000 others is also likely to cause transportation delays for steelmakers in the country, industry sources told Fastmarkets.

“Most of the streets used to access downtown Jakarta are flooded,” a trader source in Indonesia said on Friday January 3.

A source at an Indonesian long steel producer said that cargo deliveries to Jakarta are likely to be hindered following the prolonged periods of...


Lee Ken Kiat

January 03, 2020

07:21 GMT