Indonesia's Steel Demand Grows, Exporting to Australia, Singapore, and the UK
Indonesia's domestic steel consumption is projected to rise from 18.6 million tons in 2024 to 19.3 million tons in 2025, driven by the construction sector, manufacturing, and automotive industries. Exports diversified, with Australia, Singapore, and the UK as key markets. Foreign investment in the sector doubled from $8.05 billion in 2021 to $16.37 billion in 2025. The government promotes Green Steel initiatives and enhances industrial protection measures while addressing global supply challenges and trade practices.
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Indonesia's steel consumption is expected to increase from 18.6 million tons in 2024 to 19.3 million tons in 2025, supported by growth in the construction sector, including the 3 Million Houses Development Program, manufacturing, and automotive industries. Exports of iron and steel products are diversifying, with Australia as a primary market worth $1.6 billion, followed by Singapore and the UK.
Foreign investment in the steel sector rose to $16.37 billion in 2025, with significant contributions from Hong Kong, Singapore, and China. The government is focusing on Green Steel technologies to reduce emissions and enhance competitiveness, while also implementing protective measures against unfair trade practices.
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