<p>This study aims to examine the economy-wide impacts of nickel ore moratorium in Indonesia. The moratorium is followed by the development of nickel manufacturing industries to improve its value-added. Many of nickel derivative products in Indonesia have been absorbed by iron steel sector. Given to the current condition, we develop a simulation scenario for increasing exports of iron steel sector as a result of the nickel downstream policy. The simulation scenario is performed using CGE IndoTERM model. Database in the model is predominantly supplied from Interregional Input-Output (IRIO) 2016. Several interesting results reveal that the nickel downstream policy has increased GDP at the national level. Export is triggered higher and followed by investment, wages, and employment that also increase. At regional level, Sulawesi is the region that has benefited most from the nickel downstream policy. Sulawesi’s GDP increases slightly, followed by improvement in other indicators such as export, investment, and wages.</p>