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View all search resultsIndonesia’s steel industry is facing a deepening crisis as major producers buckle under a wave of cheap imports, particularly from China, amid oversupply and weakening domestic demand. The collapse of Metal Steel Group in 2025 and the planned closure of PT Krakatau Osaka Steel in 2026 have sharpened concerns over the sector’s survival, prompting the government to mandate the Indonesian National Standard (SNI) for steel products starting May 20, 2026.
When political systems neither collapse nor improve, they enter a state of fatigue that erodes the very possibility of reform. Indonesia has transitioned from the explosive ruptures of 1998 to a modern era of managed stagnation, leaving a generation to navigate a democracy that functions as a procedure but fails as a promise.
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