Steel industry should boost production capacity: VP

Miscellaneous

Jakarta (ANTARA) – Vice President Ma’ruf Amin called on the national steel industry to increase its production capacity in order to meet the domestic demand.”Do not let the large (steel) needs be met by imports,” Amin remarked during the inauguration of a factory of steel company PT. Lautan Baja Indonesia in the Balaraja Industrial Area, Tangerang, Banten, on Friday, according to a written statement from the Secretariat of the Vice President.

ccording to Amin, the steel industry is the main supporter of infrastructure construction projects that are currently developing, including the construction of toll roads, airports, ports, railways, power plants, and oil refineries, including the new capital city Nusantara.

To this end, the vice president underlined the need to boost the capacity of domestic steel production in order to meet the needs.

He noted that in the last five years, along with massive development, the national steel demand has continued to rise by up to 40 percent.

In this regard, the vice president also emphasized several aspects related to efforts to increase self-reliance of the national steel industry.

“First, firmly and consistently apply the domestic component level (rule) and mandatory Indonesian National Standards for steel products to support national development and realize the independence of the domestic industry,” he affirmed.

Source: Antara News Agency