According to Indonesia, "Jakarta post" reported on February 8th, the Indonesian iron and Steel Association released data show that in 2017 Indonesia imported 6 million 430 thousand tons of steel, accounting for 48% of the total annual steel consumption in 2015 and 2016, respectively; Indonesia imported steel 6 million 850 thousand tons and 6 million 490 thousand tons, is the world's five largest importer of iron and seamless steel pipe.
Indonesia's current annual steel consumption is 13 million 400 thousand tons, and it is expected to reach 23 million tons by 2025. Plono, chairman of the Indonesian iron and Steel Association, said that Indonesia's normal imports should be 30% of the total consumption, but iron and steel production is not enough and has to be imported. In order to reduce the dependence on imports, the Ministry of industry to intensify the domestic iron and steel process, plans to build 3 large steel production plant respectively in southern Kalimantan and Sura Sulawesi, a total investment of $14 billion 890 million. Indonesia industry minister Al Lang said that the construction of three production plants are joint ventures with foreign investors, and South Korea intends to Pohang iron and steel company co production of carbon steel, planned production capacity from the current annual output of 450 thousand tons annual output reached 10 million tons in 2025 to gradually improve; intends to cooperate with Beijing Shenwu Thermal Energy Technology Co Ltd to build an annual output of 3 million tons of cold-rolled plate and Shanghai project; Dingxin Investment Group Limited cooperation in the construction of an annual output of 2 million 500 thousand tons of hot rolled plate, 500 thousand tons and 3 million 500 thousand tons of cold rolled carbon steel project.
