18
Dec
11:50
Krakatau to supply automotive wire rod to Sangko
Indonesia’s Krakatau Steel has inked a deal with Japan’s Sangko Corporation to boost the automotive parts producer’s local content. Krakatau will still need to use imported billet to meet Sangko’s needs, however, Kallanish notes.
Sangko has agreed to eventually increase the ‘local content’ of automotive parts it produces in Indonesia to 60% and it hopes the deal with Krakatau will help towards this target. Krakatau w…
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Very good overview of the weekly steel market.
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