Spindo Production Decrease, amidst High Prices Raw Material

PT Steel Pipe Industry of Indonesia, Tbk (ISSP) or Spindo is not increase its production, due to steel prices increased. According to company’s statement, possibility the production until the end of this year is slightly down compared to last year. For the record, this year’s production target range of 360,000 tonnes – 370,000 tonnes. Whereas until 3Q17, Spindo has doubled its production of 243,000 tonnes, sum of all products including pipeline and non pipeline, compared to same period 2016 decreased 10%.

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