Steel Surge, Who Would've Guessed

October 30, 2001

Contrary to predictions, the flood season came so suddenly, turning everything upside down. And for Indonesia the onslaught is not only from water, but also from steel. Unbelievable, you say? Well, the powerful wave of imported steel has been hitting Indonesia since 2000 and it's been eating into the local steel markets significantly. Many steel factories are sinking. If this is not arrested, there's every likelihood that the national steel industr...

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