Indonesia’s steel demand to hit 22.7 mil mt in 2024 on construction boom

Indonesia’s steel consumption is expected to rise 50.3% from 15.1 million mt in 2018 to 22.7 million mt in 2024, data from the Indonesian Iron and Steel Industry Association showed, amid demand from the construction and automotive sectors.

Most of the demand will come from the country’s construction sector which accounts for about…

View entirety: Platts