10,486.09 TRY BIST 100 BIST 100
5.82 CNY CNY CNY
48.52 EUR EUR EUR
41.27 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
40.89 TRY Interest Interest
67.08 USD Fossil Oil Fossil Oil
54.47 USD Silver Silver
4.58 USD Copper Copper
106.08 USD Iron Ore Iron Ore
335.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,836.68 TRY Gold (gr) Gold (gr)

GGRP signs agreement with Primetals Technologies for low carbon steel production

Indonesia's largest private steel producer PT Gunung Raja Paksi Tbk (GGRP) has signed an agreement with Primetals Technologies Ltd. in Jakarta.

GGRP signs agreement with Primetals Technologies for low carbon steel production

This collaboration makes GGRP the first steel producer outside China and the first plant in Asia to meet European hot rolled coil (HRC) demand with low carbon steel.

GGRP will use Primetals Technologies' Arvedi Endless Casting and Rolling (ESP) technology for this project. Arvedi ESP seamlessly integrates the casting and rolling processes, improving production efficiency while significantly reducing carbon emissions and energy consumption. It will also make it possible to produce ultra-thin steel below 1 mm, which could replace cold-rolled steel in Indonesia.

2.5 million tons capacity by 2027

This agreement supports GGRP's plan to increase its low carbon steel production capacity to 2.5 million tons by 2027 and export more than 50% of this production to the European Union.

“Our partnership with Primetals Technologies secures the future of Indonesia's steel industry by enhancing its global competitiveness,” said Kimin Tanoto, Chairman of the Board of Directors of GGRP, adding that the collaboration reinforces GGRP's leading position in low carbon steel production in Southeast Asia. We are also supporting the Indonesian Government's efforts to achieve its goal of zero carbon emissions by 2060.”

“The Arvedi ESP line at Gunung Raja Paksi will be the 13th plant in the world to implement the endless casting and rolling concept, making GGRP the first producer in Asia outside of China to adopt this technology,” said Andreas Viehboeck, Executive Vice President of Primetals Technologies.

GGRP will also utilize plant automation, artificial intelligence (AI) and advanced digital solutions to drive innovation in the Indonesian steel industry.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

8 companies in Egypt secure new steel billet licenses

Wednesday, September 10, 2025

Aramco to procure large quantities of steel and materials for 85 projects

Wednesday, September 10, 2025

EESC: European steel sector faces existential crisis

Tuesday, September 9, 2025

Zhongxi Mining and Fenix signed agreement for weld range iron ore project in Australia

Tuesday, September 9, 2025

While Ukraine’s pig iron production rose in August, steel production continued to decline

Tuesday, September 9, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now