Indonesia increased production of steel by 13 percent

The metallurgical industry of Indonesia caught up and overtook the oil and the gas sector of the country by demonstrating the growth in the first half of 2013 by 12.74 percent, while the total growth of oil producers amounted to 6.58 percent during the same period. This was told by the Secretary General of the Ministry of Indonesia of Indonesia Ansari Bukhari.

"A strong growth in production in metallurgy was provided with large investments in industry and in the service sector. These investments gave the country's domestic market the country's optimism against the background of weakened export markets. The Indonesia economy will grow on the domestic market and its own industry," emphasized Ansari Bukhari.

He noted that the modern metallurgical industry, especially in developed countries, is a highly developed and high -tech industry. Steel is a key component of infrastructure development, construction of buildings, roads and bridges. “On the one hand, investment in the infrastructure is new opportunities, and on the other, a challenge for our steel industry,” Bukhari said.

The Ministry of Indonesia’s industry directs a sufficient amount of resources to the development of a raw material base for its own metallurgy and expects to quickly increase the competitiveness of the Indonesian metal production in the international market using additional investments in the mining and metallurgical industry.