According to IMARC Group’s latest report titled "Indonesia Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2026-2034", the market is growing due to rapid infrastructure development and government policies promoting import substitution. The study offers a profound analysis of the industry, encompassing market share, size, growth factors, key trends, and regional insights. The report covers critical market dynamics, including the construction of the new capital city Nusantara, the expansion of the automotive manufacturing sector, and the government's push for local content requirements to boost domestic production.Indonesia Steel Market Overview
The Indonesia steel market size reached USD 12,979.1 Million in 2025. Looking forward, IMARC Group expects the market to reach USD 17,051.9 Million by 2034, exhibiting a stable growth rate (CAGR) of 3.08% during 2026-2034.
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Top Emerging Trends in the Indonesia Steel Market:
Downstream Processing: Shift towards value-added steel production, leveraging Indonesia's rich nickel reserves for stainless steel manufacturing.
Infrastructure Boom: Sustained demand from mega-projects like the Trans-Sumatra Toll Road and Nusantara capital city construction.
Import Substitution: Government policies aggressively promoting the use of locally manufactured steel in public infrastructure projects.
Green Steel: Growing interest in adopting cleaner production technologies to align with global sustainability standards.
Indonesia Steel Market Growth Factors (Drivers)
Urbanization: Rapid urban growth necessitating high volumes of long steel for residential and commercial construction.
Automotive Hub: Indonesia's goal to become a regional auto manufacturing hub increasing demand for automotive-grade steel.
Policy Support: "Making Indonesia 4.0" initiative fostering technological upgrades and industrial self-sufficiency.
Foreign Investment: Influx of FDI, particularly from China and Japan, in the metal processing sector.
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