Spindo (ISSP) Strategy Facing The Volality of Iron Ore Prices: https://investasi.kontan.co.id/news/strategi-spindo-issp-menghadapi-volalitas-harga-bijih-besi/24 August 2018
Moody's lowered the outlook for PT Steel Pipe Industry of Indonesia's Tbk (ISSP) debt to negative from previously stable. Even so, the ISSP bond rating remains. Because the ISSP outlook is down, Moody's sees that the volatility of iron ore prices will affect the issuer's profit margin because the cost of iron reaches around 85% - 95% of the cost of goods sold by ISSP.
Corporate Secretary and Investor Relations of ISSP, Johannes Edward said that his side has a special strategy to deal with the volatility of iron ore prices, which is to increase the purchase of local raw materials to reduce the risk of foreign exchange differences. ISSP performance until July 2018 is quite good. He estimates, performance by the end of the year will continue to grow. Revenue is targeted to increase by 10% - 20% and net profit is also expected to increase very significantly around 35% - 50% because there is a business's operational efficiency and inventory management.
BPS: Metal ore contributes to Indonesia's export increase in July 2024: https://www.antaranews.com/berita/4262219/bps-bijih-logam-sumbang-peningkatan-ekspor-indonesia-pada-juli-2024/15 August 2024
The Central Statistics Agency (BPS) noted that metal ore, slag and ash commodities contributed to the increase in Indonesia's export value in July 2024. Acting Head of BPS Amalia A Widyasanti said that there were three commodities that experienced a significant increase in exports on a monthly basis, namely metal ore, precious metals, jewelry/gems and machinery and electrical equipment.
"On a monthly basis, the commodities that support the increase in exports are metal ore, slag and ash to Japan, China and India. Second, precious metals, jewelry to Japan, Hong Kong and Jordan, third, machinery and electrical equipment to the United States, Singapore and South Korea," said Amalia in Jakarta, Thursday.
Iron Ore Mining in Indonesia
Indonesia Industry Report and Market Research
October 21, 2024
Industry Code : B2311
Forecast to : 2028
Definition
Iron Ore Mining in Indonesia This class consists of establishments engaged in preparation for mining and extracting iron ore and magnetic iron. It includes the activities of purifying, sorting, separating and cleaning, which cannot be separated administratively from iron ore mining.
Activities
The primary activities of firms in this industry are:
The Iron Ore Mining industry in Indonesia research report contain trend analysis, statistics, market size information, industry growth rates as well as major competitors.
Major market segments are identified and also those forces affecting demand and supply within this industry. Performance analysis includes emerging industry trends as well as recent results and performance of each key company. Drawing on the depth of information DIS also provides 5 year forecasts for this industry.
The comprehensive study also examines details such as the barriers to entry, operating cost structure, technology & systems and domestic & international markets. Tables and statistics include: Industry revenue, exports, imports, wages and number of companies in the industry, Industry growth and geographic regional data.
