25
May
11:50
Krakatau Steel targets profit in 2017
Indonesia’s Krakatau Steel says it expects to hit its target of a $10 million profit in 2017 despite recording a loss of $20.7m in the first quarter. The company hopes to cut costs and increase sales of third-party products to boost its profits, Kallanish notes.
Krakatau president director Mas Wigrantoro Roes Setyadi said the company hope operating costs would fall -15% this year as its improves its procurement processes and improves the management of its …
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Anonymous
Very good overview of the weekly steel market.
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