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CONF: Indonesia’s steel demand to hit 125 mln t/y by 2050

ABSTRACT

Indonesia’s apparent steel consumption will grow in line with its economic growth and may reach 125 million tonnes/year by 2050, Widodo Setiadharmaji, executive director of the Indonesian Iron and Steel Industry Association, shared the estimation based on the projection of PriceWaterhouse Cooper (PwC) on the Indonesian economy at the SEAISI 50th Anniversary e-Conference & Exhibition on June 17.  
At present, “the steel production capacity is sufficient to fulfill domestic demand,” he confirmed, adding, though, that massive investment in the domestic steel capacity will be required to fulfill the growing demand if Indonesia, as PwC projects, grows into the world’s fourth largest economy after China, India, and U.S. by

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