23
Jan
08:30
Krakatau targets 20-30% output hike
Indonesia’s Krakatau Steel has said it hopes top boost both production and sales by 20-30% in 2019. This will in part be achieved through the commissioning of its new 1.5 million tonne/year hot strip mill in the middle of the year, Kallanish notes.
In 2018 Krakatau targeted a 40% increase in output to 2.8 million tonnes of finished steel. It did not say if it had reached this target but if so, its growth target implies 3.36-3.64mt of output in 2019. It add…
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Very good overview of the weekly steel market.
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