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Basic iron and steel market growth slows to 6.7% in Indonesia in 2016, amid slower automotive industry turnover growth. Imports of basic iron and steel decrease by 5.2% as government imposes law to use locally-manufactured steel for government-led infrastructure development projects.
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Indonesia is a relatively small steel producing nation (and actually imports about half of its domestic steel consumption, mostly from China) but its iron & steel exports to the USA soared over 1,500 percent month-on-month (m/m) from USD $2.13 million in February 2018 to USD $35 million in March 2018.
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