21
Mar
10:32
Krakatau Steel targets expansion, profit
Indonesia’s Krakatau Steel saw its net losses narrow in 2017 as both revenues and operating profits increased. It intends to begin operating its new blast furnace in the coming months and is making progress on its new hot strip mill, Kallanish notes.
Krakatau says it hopes to boost its output by around 20% this year from 1.9 million tonnes in 2017. It finally expects to blow in its new 1.2 million tonnes/year blast furnace in the first half of the year. Th…
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Anonymous
Very good overview of the weekly steel market.
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