03
Feb
09:38
Krakatau expects March blow-in for new BF
Indonesia’s Krakatau Steel says it could see production begin from its new 1.2 million tonnes/year blast furnace in March. The company hopes added hot metal capacity will eventually help it reduce reliance on external semi-finished steel purchases, Kallanish notes.
The $500 million furnace is reportedly 98% complete and could produce by the end of the quarter. Krakatau secured around $390m in financing in mid-2016 in order to bring the plant into productio…
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Anonymous
Very good overview of the weekly steel market.
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