Southeast Asia became a billet exporter: Indonesia and Malaysia lead the way

This change is indicative of the region's evolving role in the global steel industry.

China's proactive participation in the Belt and Road initiative has played a crucial role in this transformation. In particular, China's investments in the construction of steel facilities in Indonesia have significantly increased local steel production capacity. The strategic partnership has not only strengthened bilateral ties but also contributed to Indonesia becoming a net billet exporter, marking an important milestone since 2020.

In 2021, Indonesia's billet exports rose to an impressive 1.78 million tonnes, underlining the country's growing importance as a major player in the international steel market. China and the Philippines stand out among the main buyers, indicating that trade relations in the region are expanding.