"Surely this is encouraging. With new investment in the sector, we hope that the industry would increase its contribution to the national economy," director general of metal industry, machinery, transportation, and electronics at the Industry Ministry, Taufiek Bawazier, said in a statement here on Thursday, after the launch of the second production line of aluminum-zinc coated steel (BjLAS) at PT Sunrise Steel.
He expressed the hope that new investment in the steel industry will continue to rise on account of the government's import substitution program.
“Some products would need import substitution from its upstream industry. Such as iron ore, steel billet to produce its derivative products, and hot-rolled coil (HRC) to become cold-rolled coil (CRC). We hope that PT Sunrise Steel can invest in this segment,” he elaborated.
Related news: National steel producer PT GRP pumps in Rp12 trillion investment
President director of PT Sunrise Steel, Henry Setiawan, said the launch of the second line of production for light steel (BjLAS) has confirmed the company's position as the largest BjLAS producer in Indonesia, with a production capacity of 400 thousand tons per year.
Setiawan praised the ministry's efforts to boost the development of the steel industry through various regulations and protections. "This has bolstered down-streaming in the steel industry,” he remarked. (INE)
Related news: Govt urged to stop SNI marking manipulation for steel products