CONF: Indonesia - an emerging stainless steelmaking hub

Indonesia, with investments mainly from the Chinese enterprises, is progressing towards a new stainless steel producing hub with the production expected to surge 30% on year to 2.85 million tonnes in 2020, Dai Zhebin from Shanghai Xiangyu Superchain Supply Chain Co shared on December 3 at the 2021 Mysteel Ni-Cr-Stainless Steel-New Energy Annual Conference in Wuxi, East China’s Jiangsu province.

Indonesia is still far behind China, the world’s top stainless production country with over 50% of the global stainless output, but its stainless capacity totals 4 million tonnes/year with the contribution from the mills invested by China’s Tsingshan Group, Xiamen Xiangyu Group Co (XMXYG) and Delong Holdings (Delong) since