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Indonesia's stainless steel production fell

In January, Indonesia's stainless steel production amounted to 380,000 tons, with a monthly decrease of 7.32%. However, on an annual basis, this amount increased by 35.71%, meaning a higher production compared to the same period in 2023.

Indonesia's stainless steel production fell

Internationally, the stainless steel market is experiencing a stagnation in first quarter demand, indicating an off-season period for consumption. In response to this global trend, steel mills in Indonesia have adapted to this change by proactively adjusting their production rates, leading to a slight decrease in production.

So a monthly decrease of 2.63% is predicted in stainless steel production in Indonesia in February. Considering the demand situation abroad, Indonesia's steel industry continues to adopt a dynamic production strategy.

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