The largest state-owned steel company in Indonesia, PT Krakatau Steel (Persero) Tbk, successfully exported 30,000 tons of Indonesian steel to the Italian market. Steel commodity is currently the third largest export commodity in Indonesia.
“Nationally, the steel industry is the third largest contributor to exports from Indonesia, number one is coal, and number two is palm oil,” said Zulkifli Hasan, Indonesian Minister of Trade on April 28, 2023.
In 2022, Indonesia experienced the highest steel export surplus in Indonesian history with an export value of IDR 900 trillion.
“We are grateful to these red and white fighters who were able to increase the value of iron and steel exports so that our surplus yesterday was the highest in the history of total exports in Indonesia, which reached nearly IDR 900 trillion or the equivalent of US$ 54 billion,” said Hasan.
Purwono Widodo, Director of PT Krakatau Steel (Persero) Tbk said that the products exported by Krakatau Steel were hot rolled coil (HRC). Through these HRC exports, the company has contributed IDR 315 billion in foreign exchange.
“With this export shipment to Italy, Krakatau Steel contributes IDR 315 billion to the country’s foreign exchange or the equivalent of US$ 21.15 million,” he said.
Based on records from 2022 to April 2023, Krakatau Steel has exported a total of 393,503 tons of steel in 2022. Meanwhile, since April 2023 the company has exported 80,802.78 tons to destination countries including Italy, Portugal, Germany, Turkey, Greece, Spain and Pakistan.
“This is proof that domestic steel products can compete well even in developed countries in Europe. We will continue to improve the quality of our products so that more Krakatau Steel Group steel products will be absorbed for both domestic and export steel needs.” said Widodo.