PT SCB Describes the Performance of 2024 and the 2025 Business Plan in the Latest Annual GMS – Indonesia

Viralterkini.id, Jakarta – National steel industry issuer, PT Saranacentral Bajatama Tbk (SCB), held an annual General Meeting of Shareholders (GMS) on Friday, June 20, 2025.

This agenda is part of the company’s commitment in carrying out the principles of good corporate governance (GCG) as well as transparency of management performance.

In the forum, management explained the financial statements of the 2024 fiscal year, business projections 2025, and provided space for shareholders to convey aspirations and carry out supervisory functions.

“The GMS is an official forum for shareholders to channel their aspirations and carry out the supervisory function. On the other hand, this is also an accountable financial reporting event,” SCB management said in an official statement after the GMS implementation.

Director of PT Saranacentral Bajatama Tbk, Handaja Susanto, accompanied by Director Pandji Surya Soerjoprahono, revealed a number of strategic steps that the company will take in 2025 to answer challenges in the steel sector, especially related to the onslaught of imported products and global price fluctuations.

Answering questions about the production capacity expansion plan, Handaja said that currently SCB has not been significantly affected because the factory utilization is still at 50 percent.

However, it will diversify products to increase added value.

“We will add new products that are of higher selling value. That way, we can optimize profitability even though the capacity is not optimal,” said Handaja.

Regarding the fluctuations in world steel prices that cannot be controlled directly by industry players, SCB takes an approach based on trend monitoring and market predictions.

“We cannot control steel prices, but we can adjust business decisions based on existing price trends predictions,” he explained.

Handaja also highlighted the impact of the steel import tariff policy imposed by the United States in the Donald Trump era.

The policy, according to him, made a number of steel products that previously entered the American market now flowing into Indonesia, increasing pressure for the domestic industry.

He added, geopolitical conflicts such as tension in the Middle East also affected the price of global steel.

“At present, steel prices tend to decrease with the escalation of conflict,” he said.

In order to strengthen information disclosure, SCB ensures that the company’s performance and financial reports can be easily accessed by shareholders and the public.

This access is available through the official website of the company and the Financial Services Authority Platform (OJK).

“We have provided all data since IPO in 2009 until now, including quarterly reports. All can be accessed freely by investors,” Handaja said.

This step is in line with the obligation as an open company recorded on the Indonesia Stock Exchange (IDX).

SCB routinely submits financial statements and other important information to regulators and investors.

For the current year, SCB is targeting production efficiency and market expansion through the optimization of radiant tube furnace technology (RTF).

This technology produces galvanized steel with equitable mechanical quality, meets the high standards of various industrial sectors, including construction, automotive, machinery, and electrical equipment.

With the philosophy of “always providing the best products and services to valuable customers”, SCB prioritizes an integrated production system, strict quality control, and sustainable innovation as the foundation of company growth.

“With the support of sophisticated production technology and quality -based work philosophy, we are sure SCB is in a strong position to continue to grow,” said Handaja.

Analysts assess the prospects of the national steel industry remain positive amid increasing demand from the infrastructure, property and automotive sectors.

However, challenges such as fluctuations in raw material prices and competition with imported products remain a major concern.

SCB views the importance of maintaining operational efficiency and building market trust as a key to business sustainability.

With the experience of nearly three decades in the industry and part of the Steel Group facilities, SCB is optimistic that it can strengthen its position as one of the main players in the national steel industry.

In the latest organizational structure, SCB is led by Handaja Susanto as President Director, accompanied by Pandji Surya Soerjoprahono and Entario Widjaja Susanto as Director.

Founded in 1996, SCB has strengthened itself as a galvanized steel producer with a Facility Brand which is widely known in the domestic market.

The success of market diversification also supports the stability of the company’s business amidst the dynamics of the global economy.