28
Nov
12:31
Krakatau Posco to take control of HRC mill
Indonesia’s Krakatau Posco is expected to take control of the new 1.5 million tonne/year hot strip mill commissioned by Krakatau Steel, Kallanish learns from sources close to the investment. The details of the deal are under discussion but the deal is expected to be finalised in 2020.
Krakatau Steel has been planning its hot strip mill for years, and has delayed commissioning due to issues with financing. Posco, however, has said that it plans to…
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