steel export

The ban will come into effect on April 7, 2023

The profile ministry monitors the prices of steel and raw materials

The import of rolled steel fell by 44.2% in the first two months

Steel production in the country fell by 2.5% y/y for the month

The decline in export sales was less than the markets had expected

Shipments of flat rolled steel abroad decreased by 33.9% m/m and 94.2% y/y

Shipments of long-rolled goods abroad decreased by 27.5% m/m and by 80.2% y/y

Recovery of global steel prices and abolition of 15% export duty boosted export orders from India

Forecasts are based on the stabilization of factors related to the war in Ukraine and a decrease in energy prices

Indonesia has submitted a request to the WTO for consultations on this issue

Last December, the export of rolled products and semi-finished products fell by 40% y/y

In 2022, steel companies exported 1.64 million tons of flat rolled products from Ukraine