Indonesia's industry wants next government to boost steel industry

The Central Executive Committee of the Indonesian Young Entrepreneurs Association (BPP HIPMI) has revealed the issues that the government under President Prabowo Subianto 2024-2029 must address.The Constitutional Court (MK) has just decided to dismiss the lawsuits of the candidates Anis Muhaimin and Ganjar Mafud and has decided to select the candidates for the Indonesian presidency and vice-presidency for the period of 2024-2029 as Prabowo Jibran.The Secretary General of BPP HIPMI revealed that one issue that will be in the spotlight in the downstream and industrialization sector is steel commodities in particular, which are seen as the "backbone" of domestic development.Domestic downstream processes are not yet optimal as the end product has not yet been reached. The steel industry in the country can now be said to be facing very serious problems. The Government must pay special attention to encouraging the steel industry in the country in order to encourage the development of countries that need steel products.

He also emphasized that PT Krakatau Steel (Persero), which is considered to be experiencing development difficulties, has not received special attention from the Ministry of State-Owned Enterprises (BUMN), one of which is through the participation of the state's capital (PMN), which is like always saying that the PMN given by the Ministry of BUMN has not been comprehensively and strategically looked at. He believes that it is important to encourage the steel industry to be able to build infrastructure in Indonesia, in contrast to China, which also initially established a steel industry before moving on to other industrial sectors. In fact, if an industrial ecosystem is to be built, the main thing that must be built is the steel industry. Like in China, it started with building the steel industry, which is very much lacking in Indonesia.