Spindo Sets Conservative Growth Target for 2026 Amid Steel Market Volatility

Expansion Plans and Market Outlook

PT Steel Pipe Industry of Indonesia Tbk (ISSP), commonly known as Spindo, is adopting a conservative growth strategy for 2026, targeting a 5-10% increase in both sales volume and net profit. This cautious approach comes as the company prepares to gradually operationalize its seventh production unit as part of its ongoing expansion project.

Factors Influencing Performance

Spindo's financial performance is significantly influenced by global steel price movements. The company's Average Selling Price (ASP) is directly affected by international steel prices, which are expected to potentially fluctuate between 10-20% in 2026. According to Johanes W. Edward, Chief Strategy & Business Development Officer and Corporate Secretary, while the steel industry shows promise in 2026, the company acknowledges the challenges ahead.

Management Perspective

Johanes expressed hope for more stable steel prices in 2026, though he noted the possibility of continued volatility. The company's growth strategy appears to be built on this cautious outlook, balancing between expansion efforts and market uncertainties. The gradual operationalization of the new production unit is expected to contribute to the targeted growth while managing potential market fluctuations.