| Product Code: ETC356428 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Indonesia rolled steel bars market, the import trend experienced a decline from 2023 to 2024, with a growth rate of -8.96%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 10.69%. This decline in import momentum could be attributed to shifts in demand dynamics or changes in trade policies affecting market stability.
The rolled steel bars market in Indonesia is witnessing steady growth due to increased construction activities, infrastructure development, and the automotive industry`s demand. Rolled steel bars are widely used in the construction sector for reinforcing concrete structures, making them a crucial component in the booming construction industry of Indonesia.
The Rolled Steel Bars market in Indonesia is strongly linked to the construction and infrastructure sectors. The increasing construction of residential and commercial buildings, bridges, and roads propels the demand for rolled steel bars. These bars are essential for providing structural support and reinforcement in construction projects. Additionally, the automotive and manufacturing industries utilize rolled steel bars for various applications, driving further market growth.
The Rolled Steel Bars market in Indonesia faces challenges related to market saturation. As the construction and automotive sectors, which are significant consumers of steel bars, experience fluctuations, steel bar producers must deal with uncertain demand. Price competition and the need for product differentiation also pose challenges. Furthermore, ensuring consistent quality and compliance with safety standards is crucial in this market segment.
The rolled steel bars market in Indonesia experienced a downturn during the pandemic due to reduced construction activities and lower demand from the automotive sector. Lockdowns and disruptions in the supply chain negatively impacted production. As the economy gradually recovers, the market is expected to regain its momentum, driven by infrastructure development projects and a rebound in manufacturing.
The Indonesia Rolled Steel Bars market is driven by the construction and manufacturing sectors. Key players such as PT Ispat Indo and PT Jaya Pari Steel Tbk are dominant in supplying high-quality rolled steel bars. They are focusing on product diversification and adhering to international quality standards to maintain their competitive edge in this market.