Steel producer PT Steel Pipe Industry of Indonesia Tbk (ISSP), or Spindo, booked sales of Rp3.4 trillion in the first nine months (9M) of 2018, grew 25% from Rp3.26 trillion in the same period of last year. Raw material prices rose 18% in the period, to US$600 per ton but steel sale prices also increased 13%. ISSP imports almost 60% raw materials. The Company targets to book sales of Rp4 trillion for this year.
