Steel News

We strive to let you one step ahead of the market.

Indonesia to surpass Japan & India, becoming second-largest stainless steel producer in the world

3 Jun 2021 16:42 reported by Ines Tseng

A A A
The International Stainless Steel Forum (ISSF) expected that as many Chinese companies built up significant capacity in Indonesia, Indonesia’s production will overtake India and will become the second-largest stainless steel producer in the world this year,

At present, Indonesia is the fourth-largest stainless steel producer and was expected to surpass Japan and India in 2021.

The Indian Stainless Steel Development Association (ISSDA) said that Chinese companies in Indonesia would take advantage to export stainless steel products because China cancelled export tax rebates.

In Indonesia, the current stainless steel production capacity is about 5.5 million tons, but the local demand is about 200,000 tons only. Therefore, most of the products would be exported overseas.

Back to Steel News

Related News

Tang Eng maintains individual negotiation way for Dec offers again

  • Stainless steel
  • 30 Nov 2023 16:46

LME nickel prices surge on Nov 28 due to weakened US dollar

  • Stainless steel
  • 29 Nov 2023 16:49

India’s new National Stainless Steel Policy expected to be announced in early 2024

  • Stainless steel
  • 28 Nov 2023 15:26

China's stainless steel imports hit new high in Oct, contributed by higher supply from Indonesia

  • Stainless steel
  • 24 Nov 2023 16:37

China’s Landspace plans to develop stainless steel rocket

  • Stainless steel
  • 23 Nov 2023 15:56

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,477.00
  • 2,482.00
  • Aluminum
  • 2,157.00
  • 2,197.00
  • Copper
  • 8,331.00
  • 8,419.00
  • Nickel
  • 16,330.00
  • 16,560.00

Learn more

Coil Exchange Center

  • 2B Coil-Jan
  • 2,460
  • 2,320
  • NO1 Coil-Jan
  • 2,430
  • 2,290
  • 2B Coil-Jan
  • 2,460
  • 2,320
  • NO1 Coil-Jan
  • 2,430
  • 2,290

Learn more