The
Indonesia's government has asked Japanese steel producer Nippon Steel to build a steel plant that will specialize in
production for the country's
automotive and electronics industries. The import value for this steel will reach $1 billion per year.
Indonesia's Industry Minister Mr. Fahmi Idris said that the
production of special steel is yet to be developed in
Indonesia while the needs of
automotive and electronics industries are growing fast. Currently,
Indonesia only produces steel for the
construction industry.