08
Jul
07:12
Indonesian steel demand could increase in 2020
Indonesia's steel demand is expected to rise by 3.1% year-on-year to 16.4 million tonnes this year, according to Widodo Setiadharmaji, executive director of the Indonesian Iron & Steel Industry Association. The main force driving demand is infrastructure construction, Kallanish notes from Widodo's report.
The Indonesian government is reported to be increasing spending by 10.2% in 2020. About 3mt of steel demand is estimated to be created by the in…
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Anonymous
Very good overview of the weekly steel market.
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