Indonesia to exclude steel scrap from import list of dangerous wasteChristian Fernsby ▼ | February 14, 2020
Indonesia’s Industry Minister Agus Gumiwang Kartasasmita said that Indonesia government will ease rules on the import of scrap for steel industry, hoping this will lead to a reduction in imports of steel billets.
Business in Indonesia Industry Minister Agus Gumiwang Kartasasmita
Topics: Indonesia steel scrap import dangerous waste
This will support the production of billets.
The new government measure would exclude scrap metal from that list, potentially reducing the number of permits required for shipments.
Local steel industry is now utilising only about 40% of its capacity, partly because companies don't have enough materials for production.
If the country's mills can increase their utilisation rates, they can supply 70% of domestic steel product demand.” ■