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Indonesia's biggest steel expo eyes US$3.2 billion in transactions
The country’s first steel exhibition kicked off on Wednesday in Jakarta aiming for Rp 42 trillion (US$3.2 billion) in deals between more than 50 steelmakers, an executive committee member said.
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A visitor to the Steel Indonesia Expo in Jakarta on Sept. 7 examines a lion statute made of steel. The expo presents more than 50 steelmakers. (JP/Reza Zafiruddin)
T
he country’s first steel exhibition kicked off on Wednesday in Jakarta aiming for Rp 42 trillion (US$3.2 billion) in deals between more than 50 steelmakers, an executive committee member said.
“We set a target of 60 percent of the steelmakers to get sales contracts here,” the Steel Indonesia Expo committee chairman, Singgih Wisesa, told reporters.
A number of giant firms are participating in the expo to promote their products, such as state-owned publicly listed steel company Krakatau Steel, the world’s largest steelmaker Arcelor Mittal’s subsidiary Ispat Indo and infrastructure-focused company Bukaka Teknik Utama.
The three-day expo presents various downstream steel products, such as bars, steel mesh, stirrups and cooking sets, including knives, forks, spoons and pans.
The executive director of the Indonesian Iron and Steel Industry Association (IISIA), Sukandar, said he expected the expo would reduce the deficit in the steel trade, which reached $7 million last year.
“This event is important for steel companies to show their quality, services and competitiveness,” Sukandar, who is also Krakatau Steel's president director, said in Jakarta on Wednesday. (rez/dan)
