Proceedings of the 2nd International Conference on Industrial and Technology and Information Design, ICITID 2021, 30 August 2021, Yogyakarta, Indonesia

Research Article

The Development of National Steel Industry Strategies for the Future

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  • @INPROCEEDINGS{10.4108/eai.30-8-2021.2311504,
        author={Mohammad  Hamsal and Sri Bramantoro Abdinagoro},
        title={The Development of National Steel Industry Strategies for the Future },
        proceedings={Proceedings of the 2nd International Conference on Industrial and Technology and Information Design, ICITID 2021, 30 August 2021, Yogyakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ICITID},
        year={2021},
        month={10},
        keywords={steel industry scenario planning early warning signals implementation plan},
        doi={10.4108/eai.30-8-2021.2311504}
    }
    
  • Mohammad Hamsal
    Sri Bramantoro Abdinagoro
    Year: 2021
    The Development of National Steel Industry Strategies for the Future
    ICITID
    EAI
    DOI: 10.4108/eai.30-8-2021.2311504
Mohammad Hamsal1,*, Sri Bramantoro Abdinagoro1
  • 1: Management Department, BINUS Business School Doctor of Research in Management Bina Nusantara University, Jakarta, Indonesia
*Contact email: mhamsal@binus.edu

Abstract

Steel is a strategic commodity and a key industry in the Indonesian economy. This paper looks at prospects and the options facing by the industry in the future. New production capacity will have to be implemented but it will undoubtedly be difficult to realize this without external assistance and without diverting resources from other areas. Thus it will be necessary to plan for business innovation to achieve production capacity objectives, and such innovation must be developed in Indonesia, or imported, and adapted to suit local conditions. At the end, the industry should be able to effectively implement the developed scenarios and anticipate the early warning signals.