On June 25, Indonesia Desin Steel phase 1 expansion No. 2 shaft furnace held the ignition oven ceremony, marking the project No. 2 shaft furnace officially put into operation. At present, Indonesia's Desin is China's largest overseas investment and construction of a single steel enterprise, has become a steel pearl on the "Belt and Road". In recent years, the construction of steel projects in Indonesia has been in full swing. Among ASEAN member states, Indonesia has the largest land area, the largest population and the highest GDP, accounting for more than 1/3 of ASEAN's total. According to data released by the Southeast Asian Iron and Steel Association, in 2023, Indonesia's gross domestic product is expected to grow by 5.3% year-on-year, and apparent steel consumption is expected to increase by 5% year-on-year to 17.4 million tons. The forecast data of the Indonesian Iron and Steel Association is more optimistic, predicting that the apparent consumption of steel in 2023 will increase by 7% year-on-year to 17.9 million tons.

Indonesia's GDP grew at an average annual rate of 5.46% from 2004 to 2019, with negative growth of -2.1% in 2020. At present, Indonesia's economy is slowly recovering and has a lot of growth potential in several aspects. The country has a large young population with a median age of 29.7 years. This means that the country has a large domestic market base and a demographic dividend. In addition, Indonesia's abundant natural resources and growth-oriented policies, which focus on industrial development and investment in infrastructure construction, attract a large amount of foreign investment.