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Indonesia forces a halt to import surge
12 Oct
01:00

Indonesia forces a halt to import surge

Indonesia saw steel imports soar last year, as did much of Southeast Asia. This year, however, it has seen imports fall significantly despite the surge in availability of competitively-priced material from China and elsewhere. The value of Indonesia imports was down 18.7% year-on-year to $5.55 billion, and detailed Indonesian customs data available for January-July this year shows a 14% y-o-y decline in finished steel import volumes to 3.9 million tonnes. Im…
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