According to Jakarta, the vice president of the Indonesian Importers Association (GINSI), Erwin Taufan, said in an interview that due to the COVID-19, Indonesia’s imports of steel from China in 2020 will be greatly reduced, but as the economy recovers, January 2021 The volume of imported steel products rose rapidly between January and March, up 180% year-on-year to 80,371 tons, and the volume of imported steel products in the first quarter of 2020 was 28,696 tons.
The vice chairman added that the volume of imported steel in the first quarter of 2021 was 47% lower than that in the first quarter of 2019, and the volume of imported steel in the first quarter of 2019 was 167,501 tons. Taking into account China's cancellation of the 13% tax exemption policy for steel exports, it is expected that Indonesia's steel imports in 2021 will continue to decline.
The vice chairman said that with the development of Indonesia’s industry, there is currently a shortage of steel in Indonesia. The output of Indonesian steel mills is too small and only 1.37 million tons, but the demand has reached 4 million tons. It can be said that most of them rely on imports. Therefore, the vice chairman does not agree with Indonesia. The central government implemented anti-dumping measures against Chinese steel mills and monopolized Indonesian steel mills. Prices rose sharply, causing heavy losses to Indonesian industries and consumers.
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The Ukrainian Iron and Steel Manufacturers Association has submitted a temporary ban on the export of scrap steel to the Prime Minister of the country, requesting it to consider banning the export of scrap steel from Ukraine before December 31, 2023 to ensure the stable development of the metallurgical industry and the country’s economy. The…
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China’s steel imports and exports in 2020: From January to December, the total export of steel products is 53.677 million tons, and the total import of steel products is 20.233 million tons. my country’s steel exports are far greater than steel imports. Among them, 16.085 million tons of plates were imported, an increase of 5.76…
