30 Thousand Tons Indonesian Steel Penetrates the Italian Market

Minister of Trade, Zulkifli Hasan released a steel export of 30 thousand tons of PT. Krakatau Steel (Persero) Tbk to Italy. Steel is the third largest export commodity in Indonesia.
“Overall, the steel industry is the 3rd largest export contributor from Indonesia, number one is coal and number two is palm oil,” Zulkifli said at the Port of Krakatau Bandar Samudera, Friday (4/28/2023).
Last year, said Zulhas, steel steel exports experienced a surplus and were recorded in the highest in Indonesian history. The value of steel exports reached IDR 900 trillion was recorded since 2022 ago.
“We are grateful to these red and white fighters who are able to increase the value of steel exports so that our surplus yesterday was the highest during the history of total exports in Indonesia which reached nearly IDR 900 trillion or equivalent to US $54 billion,” he said.
Meanwhile, Director of PT. Krakatau Steel (Persero) Tbk, Purwono Widodo said, the steel that was exported to Italy was a type of Hot Rolled Coil (HRC) produced by the national steel company. Through the HRC export, PT. Krakatau Steel is said to have contributed the country’s foreign exchange of IDR 315 billion.
From 2022 to April 2023, Krakatau Steel Group has recorded exports with a total of 393,503 tons in 2022. As of April 2023, Krakatau Steel has exported 80,802.78 tons. Krakatau Steel’s export destination countries so far include 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 domestic steel needs and export steel needs,” he said.
On the same occasion, KIP Chief Executive Officer (CEO) Akbar Djohan said that KIP was always ready to be an export gate from Indonesia, because the facilities and infrastructure were very ready and the best quality, especially had a qualified digital system.
“The release of steel exports by the Minister of Trade proves that the economy is growing for a better direction, and the main element is an integrated port and one of the in Indonesia is the Krakatau International Port,” Akbar said.
Akbar added that the KIP Group also has an integrated port service, which not only has port service facilities, but also integrated logistics services carried out by KIP subsidiaries.

April 28, 2023, detikFinance