A Growing Numbers of Japanese Iron and Steel Related Firms Start to Invest in Indonesia

A growing numbers of Japanese iron and steel makers, trading firms and distributors invest in the business in Indonesia. In Indonesia, consumer spending of automobile is expanding because of economic growth, and Japanese-affiliated automobile makers, its parts manufacturers start to source in Indonesia. And high grade steel demand and needs for distribution and secondary tertiary processing is increasing.

JFE Steel decided to build zinc-coated steel plate mill for automobile. Marubeni-Itochu Steel, Nippon Steel Trading and JFE Shoji Trade Corporation expand business in Indonesia. Nippon Steel & Sumitomo Metal considers the production business for automobile steel sheets with Krakatau steel.