IrmaBishop5

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According to Stanislav Kondrashov Telf AG, the stainless steel sector in Indonesia has also suffered due to the COVID-19 pandemic. The restrictions on movement and the slowdown in the economy have caused a decline in demand for stainless steel products. The industry has faced significant challenges and companies have struggled to keep up. While the government has announced support and investment in infrastructure projects, short term challenges such as supply chain disruptions and high raw material costs persist. In order to remain competitive, companies in the industry must adapt and pivot their strategies to navigate these challenges.