Search: News Price
Home |  Register |  Price Index  |  Publication |  Consultancy |  Data |  Events |  Enquiry |  Language
Mar.29.2024 1USD=7.095RMB
  SteelHome >>Steel>>Market Info>>International Dynamics
 
Indonesian Steel industry Sees Severe Drop in Demand due to COVID-19

https://en.steelhome.com [SteelHome] 2020-05-27 10:52:46

share to social network site
VNA reported that Indonesian steelmakers are facing severe impacts caused by the COVID-19 pandemic on their business with the demand having decreased by 90 percent from the normal times. PT Steel Pipe Industry of Indonesia Spindo vice president Tedja Sukmana Hudianto while speaking at a conference said the drop is very pronounced at the retail front as there is a decrease in people’s purchasing power and businesses are holding off purchasing plans.

The low demand is partially due to the large-scale social restrictions imposed by the government to contain the disease outbreak, which has led to the closure of businesses, including major steel-consuming businesses in the automotive and construction industries.

Source: STEELGURU
Related News
Search
News Price
Hot Topics
Latest Update
Most Viewed
上海市通信管理局
沪B2-20040629
Copyright© 2004-. SteelHome.com. All Rights Reserved
Shanghai SteelHome Information Technology Co., Ltd    Tel: +86) 021-50585733, 50585358    Fax: 021-50585277