While Indonesia’s steel mills pumped out over 13 million tons last year to build the nation’s future, the complex story behind the numbers reveals an industry sprinting to keep pace with its own soaring ambitions and demands.
Key Takeaways
- Indonesia's crude steel production in 2022 was 13.7 million metric tons, up 5.2% from 2021.
- Krakatau Steel produced 2.4 million tons of crude steel in 2022.
- Flat steel products production reached 7.8 million tons in Indonesia during 2022.
- Indonesia's installed crude steel production capacity stood at 19.5 million metric tons as of 2023.
- Krakatau Steel's crude steel capacity is 5.2 million tons per annum.
- PT Gunung Raja has a billet production capacity of 1.5 million tons/year.
- Indonesia's apparent steel consumption was 14.8 million tons in 2022.
- Domestic steel use in construction sector was 7.2 million tons 2022.
- Automotive industry consumed 1.9 million tons of steel in Indonesia 2022.
- Indonesia exported 2.3 million tons of steel products in 2022.
- HRC exports from Indonesia reached 1.1 million tons in 2022.
- Rebar exports totaled 0.8 million tons to ASEAN markets 2022.
- Indonesia imported 8.9 million tons of steel in 2022.
- HRC imports dominated at 5.2 million tons Indonesia 2022.
- China supplied 4.1 million tons steel to Indonesia 2022.
Indonesia's steel industry grew steadily in 2022 with rising production but still relied heavily on imports.
Capacity
1Indonesia's installed crude steel production capacity stood at 19.5 million metric tons as of 2023.
Verified2Krakatau Steel's crude steel capacity is 5.2 million tons per annum.
Verified3PT Gunung Raja has a billet production capacity of 1.5 million tons/year.
Verified4Indonesia's hot-rolled coil (HRC) capacity reached 12.4 million tons in 2022.
Directional5New EAF capacity additions totaled 2.1 million tons in Indonesia 2022-2023.
Single source6PT HKM Steelworks slab capacity is 1.2 million tons annually.
Verified7Long steel products capacity in Indonesia is 8.7 million tons as of 2023.
Verified8Galvanized steel capacity expanded to 3.2 million tons in 2023.
Verified9Cold-rolled steel capacity utilization was 65% in Indonesia 2022.
Directional10PT ICSG long products capacity is 1.8 million tons per year.
Single source11Indonesia plans to add 4 million tons steel capacity by 2025.
Verified12Blast furnace capacity in Indonesia totals 10.8 million tons.
Verified13Stainless steel capacity is 0.8 million tons in Indonesia 2023.
Verified14Wire rod capacity stands at 2.5 million tons annually Indonesia.
Directional15Rebar capacity utilization rate was 78% in 2022 Indonesia.
Single source16New mini-mill capacity of 1.4 million tons commissioned in 2023.
Verified17Structural steel capacity is 1.6 million tons per annum Indonesia.
Verified18Seamless pipe capacity totals 0.5 million tons in Indonesia.
Verified19DRI plant capacity contributes 2 million tons to steelmaking Indonesia.
Directional20Automotive steel capacity specialized at 1.2 million tons 2023.
Single source21Flat steel downstream capacity is 15.1 million tons Indonesia.
Verified22Krakatau Posco HRC capacity is 3 million tons/year.
Verified23Overall capacity utilization in steel industry was 70% in 2022.
Verified24Construction steel capacity dominant at 9.2 million tons Indonesia.
Directional25Electrical steel capacity niche at 0.2 million tons 2023.
Single sourceCapacity Interpretation
While Indonesia's steel industry boasts a mighty 19.5 million ton capacity, its 70% utilization rate suggests it's more of a flex than a full-blown forge, with Krakatau Steel flexing hardest at a quarter of the entire national muscle.
Consumption
1Indonesia's apparent steel consumption was 14.8 million tons in 2022.
Verified2Domestic steel use in construction sector was 7.2 million tons 2022.
Verified3Automotive industry consumed 1.9 million tons of steel in Indonesia 2022.
Verified4Infrastructure projects drove 3.1 million tons steel demand 2022.
Directional5Apparent consumption per capita steel in Indonesia 52 kg in 2022.
Single source6Flat products consumption totaled 8.4 million tons in 2022 Indonesia.
Verified7Long products domestic use was 6.3 million tons FY2022.
Verified8HRC consumption grew 6% to 6.7 million tons in 2022.
Verified9Galvanized sheet use in manufacturing 2.8 million tons 2022.
Directional10Rebar demand from construction hit 4.1 million tons 2022.
Single source11Wire rod consumption for industry 1.5 million tons Indonesia 2022.
Verified12Stainless steel consumption rose to 0.6 million tons in 2022.
Verified13Cold-rolled products use 2.2 million tons domestic 2022.
Verified14Steel for appliances sector consumed 0.9 million tons 2022.
Directional15Oil & gas sector steel use 0.7 million tons Indonesia 2022.
Single source16Shipbuilding consumed 0.4 million tons steel plates 2022.
Verified17Consumption growth forecasted at 5.5% for 2023 Indonesia steel.
Verified18Construction share of steel use 49% in Indonesia 2022.
Verified19Manufacturing sector steel demand 3.8 million tons 2022.
Directional20Infrastructure steel consumption up 12% YoY to 3.5 mt 2022.
Single source21Electrical equipment steel use 1.1 million tons Indonesia 2022.
VerifiedConsumption Interpretation
In Indonesia, steel is the nation's skeleton—with nearly half of its 14.8 million ton appetite dedicated to construction's relentless growth, while its industrial muscles, from automotive to appliances, flex with the rest.
Exports
1Indonesia exported 2.3 million tons of steel products in 2022.
Verified2HRC exports from Indonesia reached 1.1 million tons in 2022.
Verified3Rebar exports totaled 0.8 million tons to ASEAN markets 2022.
Verified4Wire rod exports grew 15% to 0.4 million tons in 2022.
Directional5Flat steel products exports 1.4 million tons Indonesia 2022.
Single source6Long products exports to Philippines 0.3 mt in 2022.
Verified7Galvanized exports hit 0.5 million tons from Indonesia 2022.
Verified8Steel pipe exports 0.2 million tons to Middle East 2022.
Verified9Krakatau Steel exports volume 0.6 million tons in 2022.
Directional10Stainless steel exports 0.1 million tons Indonesia 2022.
Single source11Top export destination US took 0.2 mt steel from ID 2022.
Verified12Export value of steel products USD 2.1 billion in 2022.
Verified13HRC slab exports 0.3 million tons to Vietnam 2022.
Verified14Rebar to Australia 0.15 mt from Indonesia 2022.
Directional15Cold-rolled exports 0.25 million tons 2022 Indonesia.
Single source16Structural steel exports grew 10% to 0.18 mt 2022.
Verified17Steel billet exports 0.35 million tons Indonesia 2022.
Verified18Export share of production 16% in Indonesia steel 2022.
Verified19ASEAN exports totaled 1.2 million tons steel 2022 ID.
Directional20India imported 0.1 mt steel from Indonesia 2022.
Single source21Export growth 7% YoY for steel products 2022 Indonesia.
Verified22Semi-finished exports 0.4 mt Indonesia to global 2022.
Verified23Finished steel exports 1.9 mt total Indonesia 2022.
VerifiedExports Interpretation
While Indonesia may not yet be the "Steel Titan of the Tropics," its 2022 export portfolio reveals a savvy and diversifying player, strategically feeding high-demand ASEAN construction with rebar, flexing into premium markets with galvanized and cold-rolled products, and cleverly moving its commodity HRC and slabs to regional neighbors—all adding up to a respectable and growing $2.1 billion global steel business.
Imports
1Indonesia imported 8.9 million tons of steel in 2022.
Verified2HRC imports dominated at 5.2 million tons Indonesia 2022.
Verified3China supplied 4.1 million tons steel to Indonesia 2022.
Verified4Hot-rolled plate imports 1.3 million tons in 2022 ID.
Directional5Cold-rolled coil imports totaled 1.8 mt Indonesia 2022.
Single source6Stainless steel imports 0.9 million tons from Japan 2022.
Verified7Galvanized imports 1.1 million tons Indonesia FY2022.
Verified8Scrap steel imports for EAFs 4.5 million tons 2022.
Verified9Pig iron imports 2.2 million tons to support prod 2022.
Directional10Wire rod imports declined 5% to 0.6 mt 2022 ID.
Single source11Semi-finished steel imports 1.4 million tons 2022.
Verified12South Korea steel supply 1.2 mt to Indonesia 2022.
Verified13Import value steel products USD 7.8 billion 2022 ID.
Verified14Rebar imports minimal at 0.2 mt due to local prod 2022.
Directional15Alloy steel imports 0.4 mt for specialty uses 2022.
Single source16Electrical steel sheets imports 0.15 mt Indonesia 2022.
Verified17Import dependency for HRC was 81% in Indonesia 2022.
Verified18Vietnam supplied 0.8 mt steel to ID market 2022.
Verified19India steel imports to Indonesia 0.5 mt 2022.
Directional20Import growth slowed to 3% YoY for steel 2022 ID.
Single source21Taiwan contributed 0.7 mt HRC imports to Indonesia 2022.
VerifiedImports Interpretation
While Indonesia's steel appetite is voracious, gobbling up 8.9 million tons of imported metal in 2022, the local industry's bite remains frustratingly weak, relying on imports for a staggering 81% of its hot-rolled coil needs alone.
Production
1Indonesia's crude steel production in 2022 was 13.7 million metric tons, up 5.2% from 2021.
Verified2Krakatau Steel produced 2.4 million tons of crude steel in 2022.
Verified3Flat steel products production reached 7.8 million tons in Indonesia during 2022.
Verified4Long steel products output was 6.2 million tons in 2022 across Indonesian mills.
Directional5In Q4 2022, monthly crude steel production averaged 1.15 million tons in Indonesia.
Single source6Gunung Raja steel mill produced 1.2 million tons of billets in 2022.
Verified7Indonesia's semi-finished steel production hit 4.5 million tons in 2021.
Verified8Hot-rolled coil (HRC) production increased to 5.1 million tons in 2023 Q1.
Verified9Rebar production totaled 3.9 million tons in Indonesia for FY2022.
Directional10Wire rod output from Indonesian producers was 1.8 million tons in 2022.
Single source11Crude steel production capacity utilization rate in Indonesia was 72% in 2022.
Verified12PT HKM Steelworks produced 0.8 million tons of steel slabs in 2022.
Verified13Indonesia's electric arc furnace (EAF) steel production was 3.2 million tons in 2022.
Verified14Blast furnace steel output reached 9.5 million tons in Indonesia 2022.
Directional15Stainless steel production in Indonesia was 0.45 million tons in 2022.
Single source16Galvanized steel sheet production totaled 2.1 million tons in 2022.
Verified17Cold-rolled coil production was 1.7 million tons in Indonesian market 2022.
Verified18Structural steel beams production hit 0.9 million tons in 2022.
Verified19Indonesia's steel billet production reached 3.4 million tons in 2023 H1.
Directional20Scrap-based steel production grew 8% to 4.1 million tons in 2022.
Single source21PT ICSG's steel production was 1.1 million tons of long products in 2022.
Verified22Overall steel product output increased 4.7% YoY to 14.2 million tons in 2022.
Verified23Mini-mill production contributed 35% of total steel in Indonesia 2022.
Verified24High-strength steel production for automotive was 0.6 million tons in 2022.
Directional25Indonesia's pig iron production supported 10.2 million tons steelmaking in 2022.
Single source26Direct reduced iron (DRI) usage in steel prod was 1.2 million tons 2022.
Verified27Alloy steel production totaled 0.7 million tons in Indonesia FY2022.
Verified28Seamless pipe steel production was 0.3 million tons in 2022.
Verified29Indonesia's steel production per capita was 50 kg in 2022.
Directional30Flat product steel production share was 55% of total in 2022 Indonesia.
Single sourceProduction Interpretation
Indonesia's steel industry spent 2022 flexing its muscles with a 5.2% rise in crude steel production, yet it still had plenty of room in the tank, operating at just 72% capacity and leaving about a quarter of its potential strength untapped.
Sources & References
- Reference 1WORLDSTEELworldsteel.orgVisit source
- Reference 2KRAKATAUSTEELkrakatausteel.comVisit source
- Reference 3IISIiisi.or.idVisit source
- Reference 4BPSbps.go.idVisit source
- Reference 5GUNUNGRAJAgunungraja.comVisit source
- Reference 6KEMENPERINkemenperin.go.idVisit source
- Reference 7STAINLESS-STEEL-WORLDstainless-steel-world.netVisit source
- Reference 8HKMSTEELWORKShkmsteelworks.comVisit source
- Reference 9ISSFissf.comVisit source
- Reference 10ICSGicsg.co.idVisit source
- Reference 11KRAKAUPOSCOkrakauposco.comVisit source
- Reference 12OECoec.worldVisit source