Indonesia is 10th-largest steel importer all over the world (2017 ranking). In 2018, Indonesia imported 11.6 million metric tons of steel, a 1 percent increase from 11.4 million metric tons in 2017. Indonesia’s imports represented 3 percent of all steel imported globally in 2017, International Trade Administration said.
In addition, Indonesia’s steel demand is expected to increase by 7-9% per year over the next few years, as VITIC/Reuters announced recently.
Particularly, Aloysius Maximilian, general manager of Gunung Raja Paksi, forecasted that the country’s domestic steel demand would reach 16 million tons this year, an increase of 6.1% compared to 2018. The Indonesian Ministry of Industry also estimated that The country’s steel output would reach 17 million tons this year and 15 million tons with steel demand.
What is the chance of sharp increasing in Indonesian steel demand?
According to the Standard Chartered Bank’s report, Indonesia has enough condition to become a pillar of the global economy. Besides that, Indonesia will become the 7th largest commercial growing country in the world.
Specifically, based on this forecast, Gunung Raja Paksi Company, one of the largest domestic supplier in Indonesia , plans to increase steel sales this year by 3.3% to 1.25 million tons.
However, among many mills, which is the best steel mill for Indonesian buyers?
Indonesia is one of the most traditional markets of Vietnam Steel Mill since now to then. Therefore, Vietnam steel mill comprehends what is the most considerable points for Indonesian buyers to save time such as: products with specific application and regular business cutures.
Furthermore, Vietnam steel mill has many strengths to achieve higher competitive prices as: reliable Hot Rolled Steel Material from Formosa Ha Tinh; new investments and modern production lines as Tenova, Danieli from EU; cheap labor cost with population up to 100 millions people; cheap transportation cost with coast line of 3,260 km.
Accordingly, Vietnam steel mill is the best steel supplier for Indonesian buyers up until now.
We assert we can support you with the most reliable material, the highest quality and the most competitive price. If you want to know the best information about Vietnam Steel Mill, please contact directly as bellows:
Ms. Elena – Export Executive
Mobile, Whatsapp, Viber : (+84) 978 17 66 35