Collaboration Opportunities (Basic and Supporting Infrastructure)

Globally, total crude steel production reached 1,621 million tons in 2016 (an increase of 0.8% from the previous year). Approximately 50% of this production came from China, followed by Japan, India, the United States, Russia, and South Korea. From an economic perspective, steel is the most essential basic metal, with a global market value of USD 225 billion per year. Indonesia’s total consumption of crude steel in 2016 was 14 million tons, while domestic production only reached 8 million tons. Therefore, to meet domestic demand, Indonesia had to import 6 million tons of steel products.