22
May
01:00
Krakatau secures loan but refused tax holiday
Indonesia’s PT Krakatau Steel signed an agreement with Germany’s Commerzbank on 21 May which could open up $260 million of credit for the steelmakers hot rolled coil expansion project. Krakatau’s joint ventures with two Japanese steelmakers have not had such a great week however, having been turned down for a tax break by local authorities, Kallanish notes.
Krakatau plans to invest the money in its new 1.5 million tonnes/year hot strip mill…
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Anonymous
Very good overview of the weekly steel market.
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