Indonesia: Steel billet imports rise by 8% y-o-y in CY’23

  • Indonesia’s steel billet imports increased by 8% to 3.94 mnt in CY23 as against 3.66 mnt recorded in the year-ago period, as per Customs data.
  • Oman was the largest exporter with 1.91 mnt, followed by Russia with 731,333 t.
  • In Dec’23, the country’s billet imports decreased by 14% m-o-m to 386,695 t compared to 447,777 t in Nov’23.