JAKARTA. The domestic demand of steel is projected to increase in 2016 and 2017, due to the massive infrastructure and electricity projects. The Indonesian Iron and Steel Association (IISIA) Hidayat Triseputro predicted that the sales of steel products will increase by 5%-9% in 2017 from the target of steel sales in 2016 that amounted to 12 million ton-12.5 million ton. According to Ministry of Industry, metal and steel industries grew by 6.5% in 2015, or higher than the average of overall industries growth, which stood at the level of 5.3%. “Most of the demands came from the State Electricity Company (PLN) and state owned enterprises (SOEs) of construction sector, such as Adhi Karya, Wijaya Karya, PT PP and others," Hidayat told KONTAN, Tuesday (29/11).
Next year, steel industry may grow by 9%
JAKARTA. The domestic demand of steel is projected to increase in 2016 and 2017, due to the massive infrastructure and electricity projects. The Indonesian Iron and Steel Association (IISIA) Hidayat Triseputro predicted that the sales of steel products will increase by 5%-9% in 2017 from the target of steel sales in 2016 that amounted to 12 million ton-12.5 million ton. According to Ministry of Industry, metal and steel industries grew by 6.5% in 2015, or higher than the average of overall industries growth, which stood at the level of 5.3%. “Most of the demands came from the State Electricity Company (PLN) and state owned enterprises (SOEs) of construction sector, such as Adhi Karya, Wijaya Karya, PT PP and others," Hidayat told KONTAN, Tuesday (29/11).