Airlangga Hartarto, Indonesia's Coordinating Minister for Economic Affairs, explained that domestic production currently favors Indonesia's automotive sector, which can only supply 900,000 tons of steel out of 1.5 million tons. He added that Indonesia has great opportunities for development in the steel sector.
The Indonesian government is focusing on steel production to minimize their dependence on steel imports. The government offers tax incentives for housing to increase production in the construction sector.
DXN Steel, one of Indonesia's most important steel producers, announced in September 2023 that it has increased its crude steel capacity to 2023 tons per year at its integrated plant in Central Sulawesi province. With DXN Steel's contribution, it will be even easier for the steel industry to thrive.
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