10
Jun
03:27
Krakatau Steel posts $131.65m losses in 2023
Indonesian steel maker Krakatau Steel posted a net loss of $131.65 million in 2023 as compared to a net profit of $22.64m a year earlier, due to debt interest and foreign exchange losses, Kallanish notes.
The firm says in a bourse filing that the losses were due to a high financial burden of $129.59 million and foreign exchange losses worth $9.62 million.
The losses were also due to the impacts of its non-operation of the Hot Strip Mill 1 (HSM#1) facility, the ma…
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Anonymous
Very good overview of the weekly steel market.
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