Kementerian Perdagangan menyebutkan sejak tahun 2023 lalu Indonesia telah berhasil menempati posisi ke-4 dalam daftar eksportir besi dan baja terbesar di dunia. Posisi melonjak signifikan jika dibanding tahun 2019, dimana Indonesia menempat posisi ke-17 dalam daftar eksportir besi baja terbesar dunia.
Menteri Perdagangan Zulkifli Hasan dalam acara Seminar Nasional Dan Pameran Rantai Pasok Konstruksi Baja, seperti dikutip media mengatakan, data Trade Map mencatat, pada 2023 Indonesia menguasai 5,61% ekspor besi baja dunia. Dan di atas Indonesia, ada Jepang dengan pangsa pasar 6,42%, Jerman 6,95% dan di posisi teratas yaitu China sebesar 14,57%.
Dan salah satu kontributor terhadap pertumbuhan kinerja ekspor produk besi dan baja Indonesia, adalah PT Gunung Raja Paksi Tbk, perusahaan baja swasta terbesar di Indonesia. Emiten berkode saham GGRP dan juga anggota Gunung Steel Group ini telah memiliki pengalaman lebih dari 50 tahun di industri baja. GGRP memproduksi hingga 1.200.000 ton baja berkualitas tinggi setiap tahun yang disertifikasi oleh organisasi sertifikasi lokal dan internasional.
Menteri Perdagangan Zulkifli Hasan dalam acara Seminar Nasional Dan Pameran Rantai Pasok Konstruksi Baja, seperti dikutip media mengatakan, data Trade Map mencatat, pada 2023 Indonesia menguasai 5,61% ekspor besi baja dunia. Dan di atas Indonesia, ada Jepang dengan pangsa pasar 6,42%, Jerman 6,95% dan di posisi teratas yaitu China sebesar 14,57%.
Dan salah satu kontributor terhadap pertumbuhan kinerja ekspor produk besi dan baja Indonesia, adalah PT Gunung Raja Paksi Tbk, perusahaan baja swasta terbesar di Indonesia. Emiten berkode saham GGRP dan juga anggota Gunung Steel Group ini telah memiliki pengalaman lebih dari 50 tahun di industri baja. GGRP memproduksi hingga 1.200.000 ton baja berkualitas tinggi setiap tahun yang disertifikasi oleh organisasi sertifikasi lokal dan internasional.
Category
📺
TVTranscript
00:00Indonesia has achieved the highest number of exporters of iron and steel in the world.
00:26The Ministry of Trade stated that since 2003,
00:29Indonesia has managed to place fourth in the list of the largest exporters of iron and steel in the world.
00:35The position jumped significantly compared to 2019,
00:38where Indonesia placed 17th in the list of the largest exporters of iron and steel in the world.
00:46Minister of Trade Zulkifli Hasan in the National Seminar and Exhibition of the Chain of Steel Construction,
00:52as quoted by the media,
00:54the TradeMap data recorded that in 2023 Indonesia dominated 5.61% of the world's iron and steel exports.
01:01And above Indonesia there is Japan with a market share of 6.42%,
01:05Germany 6.95% and in the top position is China, 14.57%.
01:14And one of the contributors to the growth of the energy export of iron and steel products in Indonesia
01:18is PT Gunung Raja Paksi TBK, the largest private steel company in Indonesia.
01:23The GGRP and Steel Group members have more than 50 years of experience in the steel industry.
01:31The GGRP produces up to 1,200,000 tons of high-quality steel every year
01:36and is certified by local and international certification organizations.
01:43The company has also implemented strategies and innovations to increase efficiency, productivity,
01:48product and service quality, as well as social responsibility of the company,
01:51which is an important aspect for the continuation of the company in order to face opportunities and challenges in 2024.
01:57From Jakarta, the coverage team of IDX Channel.
02:04Ladies and gentlemen, to discuss our topic this time,
02:06the business strategy of PT Gunung Raja Paksi TBK in 2024 is already present with me in the IDX Channel studio.
02:12Mr. Fedaus is the President Director of PT Gunung Raja Paksi TBK
02:18Good morning, Mr. Fedaus.
02:19Good morning, Mr. Pras.
02:20How are you?
02:21I'm fine, thank you.
02:22Thank you for your time.
02:23Today, we will talk about the development of the steel and steel industry,
02:28and then how Kinerja Preserwana updates or reviews of the GGRP
02:32related to the development of the national steel and steel industry.
02:37Mr. Hingga, according to your observations, what is the current condition?
02:41Thank you, Mr. Pras.
02:43So, if we look at it worldwide,
02:45from the World Steel Association,
02:47actually, the world steel industry has grown by around 1.9% in 2024.
02:53Then, we also see from the data from IISIA, the Indonesian Steel Association,
02:58it is also stated that there is a growth of around 5% in 2024.
03:03So, we see something positive for the future.
03:08But again, we see that the conditions in Q1 2024 are not as good as we expected.
03:15We see the election conditions in February,
03:19then the conditions during Easter.
03:22So, it seems that the demand has declined a little compared to before.
03:27But we are optimistic that for the second half of 2024,
03:33the growth will be much better.
03:35Okay. So, what are the challenges, Mr. Hingga,
03:37that still concern when we talk about the steel and steel industry in Indonesia,
03:41as felt by Mr. Seron?
03:43Okay. If we look at it, there are several factors.
03:46One of them is the condition of the steel processing machines in Indonesia.
03:51It is quite old.
03:53Around 20-25 years.
03:55Yes, almost the entire steel factory.
03:57Then, we also see the utilization of the steel factory in Indonesia
04:03is only 50-60%.
04:05While the good one is between 85-90% in the world.
04:09Then, we also see many factors that we see.
04:13One point is about the competition in the market.
04:18In this competition in the market, we see that there is no same level of playing field.
04:22Because there are a lot of products that enter Indonesia with a very cheap price factor.
04:29So, the competition in the market cannot be fair.
04:33The products that we produce are usually more expensive than imported products.
04:38That is also interesting.
04:40Yes, the obstacle is not only the steel and steel industry,
04:43but there are also several other business sectors
04:45as well as thousands of imported products in Indonesia.
04:49So, how is the update from Kinerja?
04:51The production of steel and steel?
04:54If the challenge is from thousands of imported products,
04:58then in the first quarter, there were some momentum
05:01which eventually reduced the consumption.
05:05Yes, thank you, Mr. Pras.
05:06So, if we look at DGRP itself,
05:09in 2002-2003, we still had a profit of USD 37.9 million.
05:16With our net sales of around USD 710 million.
05:20We were able to maintain our income,
05:22and our gross profit margin also increased by 11.1%.
05:28Then our assets also increased by around 3.5%.
05:32What is interesting here is that we see the context
05:35because we produce 1.2 million tons of steel per year.
05:40However, our current condition is only 50-60%.
05:45So, there is still room for improvement.
05:48In addition, we hope that the condition of the manufacturing equipment
05:57that we have to improve, revamping, etc.
06:01We also see how the government can back us up,
06:05protect the domestic industry.
06:07This is what is interesting, Mr. Pras.
06:09How we can see that there is also protection in the domestic industry
06:12to be able to reach the market that we will try to enter.
06:17Okay, so the utilization is around 50-60%.
06:21Is this related to the condition of the machines that you have,
06:25in a condition that may have entered the old age,
06:28or has there been a regeneration?
06:30Okay, if we look at the data,
06:32actually the consumption per capita of steel in Indonesia
06:35is very low in ASEAN.
06:37We consume only around 50 kg of steel per capita,
06:41compared to the Philippines, 94 kg per capita.
06:45Compared to Vietnam, 229 kg per capita.
06:48From there, it can be seen
06:50that the condition of steel consumption per capita is indeed low.
06:54If we look at the IEA data,
06:56in 2024, the national steel requirement is around 18 million tons.
07:01However, what happens is
07:03the supply from the existing local factories
07:05can only reach 12 or 13 million tons.
07:08So there is still a gap, actually.
07:10We can increase it from utilization.
07:13However, what is happening now is
07:15a lot of products that I mentioned earlier
07:18enter Indonesia without compliance.
07:22The quality is not good,
07:24and the price is cheaper.
07:26This also interferes with the national steel industry,
07:29as well as ours.
07:31The domestic market is also what may need to be maintained
07:34by all stakeholders,
07:36especially the government,
07:37which can provide a shield or protection
07:39related to domestic steel products.
07:42What type of steel products are produced
07:45by the suppliers that have been absorbed by the Indonesian market so far?
07:50For GRP, we produce flat and downstream steel products.
07:55Some of our products are hot-roll coil HRC,
07:59hot-roll coil CRC,
08:01then there are also several types of pipes,
08:04spiral pipes, as well as ERW.
08:06There are also several welded beams
08:08that are almost all used for the infrastructure industry.
08:11Then it is also used for shipping,
08:14and also for several power plants.
08:17We also supply to several of our customers, PLN and so on.
08:20Is there any export?
08:22For the GRP market,
08:25we actually support the government program
08:27to supply from the infrastructure industry in Indonesia.
08:31So almost 90% more we enter the local market industry.
08:36The remaining 5-6% we focus on the export market.
08:40Okay.
08:41Which areas have been the backbone
08:44if the largest market is in Indonesia?
08:48Okay, so if we look at the context of the local market,
08:52we see that the infrastructure is still developing at 6-7%.
08:58Then we talk about automotive,
09:02which is still developing at 3-5%.
09:05And property, now the development is quite good,
09:08around 4-5%.
09:10So some of what we said earlier,
09:13it can still support us in terms of sales.
09:17Okay.
09:18Then we also see now for the IKN,
09:20especially for the IKN,
09:22the data we get from IIS,
09:24the budget needs there are almost 9 million tons.
09:27Gradually.
09:29So that's also a good momentum.
09:31If the domestic industry can also continue to help
09:34to support the development in the IKN.
09:37Yes, this is a new cake.
09:38If we talk about the IKN,
09:40what projects have been prepared by the management
09:44to see the great potential in the IKN?
09:46Okay, for the IKN,
09:49we see the context of the program called Green Environment.
09:54Green Environment is a product that is low carbon emission.
09:58Okay.
09:59Then also decarbonization.
10:01Where we, GRP, also 2 years ago,
10:03already implemented the concept of ESG.
10:06Environment, Social, and Governance.
10:09This is also interesting,
10:10because the context of ESG is actually still relatively new
10:15in the world of this industry.
10:17And the nature of this is how we can produce
10:21with low carbon emission conditions,
10:24which is greener,
10:25with better energy use,
10:27so that the output will be better products too.
10:31This market is now being dominated by several export markets.
10:34Okay.
10:35Export from abroad,
10:36they are quite concerned about low carbon emission products.
10:40It means that green products are also the focus of interest.
10:44We will see how far there is a global economic impact
10:48on the world of business,
10:49especially the clean and budgetary industry.
10:50But we will discuss it later in the next segment.
10:52We will be brief.
10:53Mr. Mirza, stay with us.
10:57Thank you.
11:14Thank you for staying with us in Market Review.
11:17In the next segment,
11:18we will present data related to exporting countries.
11:21This is from Besi & Bajadunia.
11:23As I mentioned earlier,
11:25Indonesia has succeeded in placing fourth.
11:28Above that is China.
11:29As you can see,
11:31the percentage is,
11:32for example, Germany, Japan,
11:35and Indonesia.
11:37They have 5.61% of the global market.
11:41Next,
11:42the National Bajaj Independence Strategy
11:44that has been proposed by the government,
11:46especially from the Ministry of Industry.
11:48There is a requirement for S&E,
11:50then increase the TKDN,
11:52increase investment through environmentally friendly technology,
11:55then there is a massive involvement of MSMEs,
11:58increase export efficiency,
11:59and the CPM innovation method or channel,
12:03product, and also marketing.
12:05We will continue our discussion with Mr. Fedaus,
12:08President Director of Gunung Rajapaksi TBK.
12:11Mr. Fedaus,
12:12if we look at the data that has been presented,
12:14the position of Indonesia,
12:15which is fourth,
12:17do you think this is an additional value?
12:20For the national industry,
12:21if we talk about our export ability internationally.
12:25Thank you, Mr. Peras.
12:27Indeed, this is very interesting.
12:29If we talk earlier,
12:30Indonesia is also the largest exporter,
12:32the largest in the world.
12:33We see that the government is now starting to do
12:36some activities to protect Indonesia.
12:40Some of what is done is,
12:42of course, S&E,
12:44between S&E,
12:45the national standard of Indonesia.
12:47For imported products,
12:48from S&E,
12:49must be able to distribute in Indonesia.
12:51Then TKDN,
12:52domestic import tickets,
12:54locally,
12:55it is increased,
12:58so that later it can be supplied
13:00for imported products too.
13:02What is interesting now,
13:03the third point,
13:04is about the protection of trade remedies.
13:07Trade remedies are a protection
13:08against products in Indonesia.
13:10For example,
13:11against safeguard,
13:12multi-dumping.
13:14The picture that you just conveyed is very true.
13:17China is one of the largest producers
13:19in the world.
13:21They can take up to 55%
13:23of the world's total production market share.
13:26Almost 1.1 billion tons per year.
13:30But what happened is,
13:32the Chinese economy,
13:33in the last three years,
13:35has declined.
13:38Maybe because of the economic crisis too.
13:41Trade war with America.
13:42Yes.
13:43So all this happened,
13:44trade war.
13:45So what happened?
13:46So,
13:47they will continue to produce
13:48and enter other markets.
13:49Yes.
13:50At a cheaper price.
13:51This is what happened
13:53in almost all Asian countries.
13:55China's products,
13:56dumping,
13:57enter those countries.
13:59So,
14:00we still
14:02have to be careful
14:03in this matter.
14:04So we also hope,
14:06in addition to some
14:08protection or maybe protection
14:09that the government has done,
14:10such as safeguard,
14:12anti-dumping,
14:14then the implementation of
14:16S&E,
14:17TKDN,
14:18it is very useful.
14:19The important thing is how
14:20we also monitor on the ground.
14:23Something implemented
14:24without monitoring on the ground,
14:26it will also be ineffective later.
14:28So we hope,
14:29cooperation from all stakeholders,
14:32from the government,
14:33related ministries,
14:35associations,
14:36let's go to the field together
14:38to see
14:39how it really is.
14:41So we know
14:42what we need to anticipate.
14:44That's it.
14:45What are the competitive advantages
14:46of our local products,
14:48from GGRP,
14:49compared to imported products
14:51that may not be included in S&E
14:54or TKDN,
14:55which is still being questioned.
14:57For the products of
14:58Gunung Raja Parks & Recreation,
15:00we are actually very
15:02concerned about quality.
15:04The quality of the products
15:05that we have always
15:07emphasized
15:08buying quality products.
15:10Because our city
15:12is not only for S&E or TKDN,
15:14we also have Japanese Standard,
15:16JIS,
15:17we also have American Standard,
15:19ASTM,
15:20and some products
15:21that are intended
15:22to be supplied to
15:24green buildings
15:26abroad.
15:27So this is something
15:28that is very interesting.
15:29When we enter
15:30high-quality products,
15:32of course,
15:33we need a process.
15:34The process is long.
15:36About analysis,
15:37about our production process,
15:38energy usage,
15:39so that the cost
15:41will be higher.
15:43So the price of the products
15:44that we deliver to the public
15:45is higher,
15:46but we have a guarantee.
15:47There is quality.
15:48While what is happening
15:49in the market right now
15:50is a price war.
15:52What happens is
15:53cheap price.
15:54Cheap price,
15:55with cheap price,
15:56how much rupiah per kilo,
15:57customers turn to
15:58cheap prices.
15:59Because the concern
16:00is budgeting.
16:01Budgeting for a project
16:02that should be this much.
16:04So this is actually
16:05a concern for us too.
16:06Okay,
16:07a challenge in itself too.
16:08Because we can't guarantee
16:10if there is no SNI,
16:11no TKD,
16:12or certification,
16:13like the products
16:14that are marketed
16:15in Indonesia.
16:16Altas,
16:17what do you think
16:18about the policies
16:19given by the government
16:20regarding the steel
16:21and steel industry
16:22itself so far?
16:23Because we need
16:24anti-dumping,
16:25safeguard policies,
16:26like that.
16:27Yes.
16:28All this time,
16:29we have seen
16:30some policies
16:31given by the government
16:32are quite good.
16:35Again,
16:36the implementation
16:37in the field
16:38that we can see.
16:39So,
16:40again,
16:41they have given
16:42some protections,
16:43such as safeguard,
16:44then anti-dumping,
16:45then there are
16:46some other things.
16:47But again,
16:48how do we see
16:49in the field,
16:50what is it like?
16:51Because what happens
16:52in the field
16:53is actually interesting.
16:54There are many conditions
16:55that we may not
16:56be able to see
16:57in reality.
16:58So,
16:59we also hope
17:00that with the
17:01implementation in the field,
17:02we can see
17:03what are the good
17:04industries,
17:05what are the bad
17:06industries,
17:07what are the unsuitable
17:08industries,
17:09so that later
17:10there is a concern
17:11that let's fix it
17:12so that later
17:13our domestic industry
17:14can become
17:15the master of our
17:16development.
17:17That's it.
17:18Then,
17:19if we talk about
17:20what policy incentives
17:21are expected
17:22from the steel
17:23side,
17:24is it easy
17:25for us to get it,
17:26then the energy
17:27is quite big
17:28if we talk about
17:29the biggest
17:30composition
17:31for operational costs.
17:32If we talk about
17:33the condition
17:34for the steel factory,
17:35at the moment
17:36energy is very important
17:37in our production process.
17:38So,
17:39we hear that
17:40HGBT
17:41is a gas price
17:42that now
17:43we hear
17:44will be extended
17:45again.
17:46The Minister of Finance
17:47is very helpful
17:48for our
17:49production process
17:50in our industry.
17:51Then,
17:52also about
17:53PLN,
17:54we also hope
17:55that they
17:56now have to
17:57switch to
17:58products with
17:59a greener
18:00sourcing.
18:01So,
18:02we hope
18:03that
18:04in the future
18:05they can
18:06switch
18:07so that
18:08our industry
18:09will have
18:10a better
18:11impact
18:12on the
18:13reduction
18:14of the
18:15glass price.
18:16Then,
18:17the exit
18:18strategy
18:19from the
18:20management
18:21is a challenge
18:22to face
18:23the challenges
18:24in this industry.
18:25How is it?
18:26So,
18:27of course,
18:28the first time
18:29we do
18:30optimization
18:31in our industry
18:32efficiency,
18:33then we also
18:34do
18:35optimization
18:36with
18:37installing
18:38some
18:39digital
18:40systems
18:41in the
18:42operation.
18:43Because
18:44without the
18:45existing
18:46digital
18:47systems,
18:48it is
18:49a little
18:50difficult
18:51to do
18:52an
18:53evaluation
18:54of the
18:55process
18:56that
18:57happened,
18:58why
18:59we
19:00do
19:01optimization
19:02in
19:03our
19:04industry.
19:05So,
19:06the
19:07first time
19:08we do
19:09optimization
19:10in
19:11our
19:12industry
19:13efficiency,
19:14then we
19:15also
19:16do
19:17optimization
19:18in
19:19our
19:20industry
19:21efficiency,
19:22then we
19:23also
19:24do
19:25optimization
19:26in
19:27our
19:28industry
19:29efficiency,
19:30then we
19:31also
19:32do
19:33optimization
19:34in
19:35our
19:36industry
19:37efficiency,
19:38then we
19:39also
19:40do
19:41optimization
19:42in
19:43our
19:44industry
19:45efficiency,
19:46then we
19:47also
19:48do
19:49optimization
19:50in
19:51our
19:52industry
19:53efficiency,
19:54then we
19:55also
19:56do
19:57optimization
19:58in
19:59our
20:00industry
20:01efficiency,
20:02then we
20:03also
20:04do
20:05optimization
20:06in
20:07our
20:08industry
20:09efficiency,
20:10then we
20:11also
20:12do
20:13optimization
20:14in
20:15our
20:16industry
20:17efficiency,
20:18then we
20:19also
20:20do
20:21optimization
20:22in
20:23our
20:24industry
20:25efficiency,
20:26then we
20:27also
20:28do
20:29optimization
20:30in
20:31our
20:32industry
20:33efficiency,
20:34then we
20:35also
20:36do
20:37optimization
20:38in
20:39our
20:40industry
20:41efficiency,
20:42then we
20:43also
20:44do
20:45optimization
20:46in
20:47our
20:48industry
20:49efficiency,
20:50then we
20:51also
20:52do
20:53optimization
20:54in
20:55our
20:56industry
20:57efficiency,
20:58then we
20:59also
21:00do
21:01optimization
21:02in
21:03our
21:04industry
21:05efficiency,
21:06then we
21:07also
21:08do
21:09optimization
21:10in
21:11our
21:12industry
21:13efficiency,
21:14then we
21:15also
21:16do
21:17optimization
21:18in
21:19our
21:20industry
21:21efficiency,
21:22then we
21:23also
21:24do
21:25optimization
21:26in
21:27our
21:28industry
21:29efficiency,
21:30then we
21:31also
21:32do
21:33optimization
21:34in
21:35our
21:36industry
21:37efficiency,
21:38then we
21:39also
21:40do
21:41optimization
21:42in
21:43our
21:44industry
21:45efficiency,
21:46then we
21:47also
21:48do
21:49optimization
21:50in
21:51our
21:52industry
21:53efficiency,
21:54then we
21:55also
21:56do
21:57optimization
21:58in
21:59our
22:00industry
22:01efficiency,
22:02then we
22:03also
22:04do
22:05optimization
22:06in
22:07our
22:08industry
22:09efficiency,
22:10then we
22:11also
22:12do
22:13optimization
22:14in
22:15our
22:16industry
22:17efficiency,
22:18then we
22:19also
22:20do
22:21optimization
22:22in
22:23our
22:24industry
22:25efficiency,
22:26then we
22:27also
22:28do
22:29optimization
22:30in
22:31our
22:32industry
22:33efficiency,
22:34then we
22:35also
22:36do
22:37optimization
22:38in
22:39our
22:40industry
22:41efficiency,
22:42then we
22:43also
22:44do
22:45optimization
22:46in
22:47our
22:48industry
22:49efficiency,
22:50then we
22:51also
22:52do
22:53optimization
22:54in
22:55our
22:56industry
22:57efficiency,
22:58then we
22:59also
23:00do
23:01optimization
23:02in
23:03our
23:04industry
23:05efficiency,
23:06then we
23:07also
23:08do
23:09optimization
23:10in
23:11our
23:12industry
23:13efficiency,
23:14then we
23:15also
23:16do
23:17optimization
23:18in
23:19our
23:20industry
23:21efficiency,
23:22then we
23:23also
23:24do
23:25optimization
23:26in
23:27our
23:28industry
23:29efficiency,
23:30then we
23:31also
23:32do
23:33optimization
23:34in
23:35our
23:36industry
23:37efficiency,
23:38then we
23:39also
23:40do
23:41optimization
23:42in
23:43our
23:44industry
23:45efficiency,
23:46then we
23:47also
23:48do
23:49optimization
23:50in
23:51our
23:52industry
23:53efficiency,
23:54then we
23:55also do
23:56optimization
23:57in
23:58our
23:59industry
24:00efficiency,
24:01then we
24:02also do
24:03optimization
24:04in
24:05our
24:06industry
24:07efficiency.
24:08Thank
24:09you.