The acute drop in imports was primarily due to the epidemic which has hit the whole SE Asian region and slows down the trades. And now gradually locking the trades all across the globe.
Another reason which partly contributed to pulling down the country’s imports was PT. Dexin Steel Indonesia, which started selling billets since Jan’20. However, the first lot which the company sold was to the Philippines. The PT Dexin Steel is a Chinese-Indonesian joint venture between two Chinese steelmakers; Tsingshan Holding and Delong Holding, along with PT Indonesia Morowali Industrial Park.