25
Apr
11:11
Krakatau Posco may break even by June
South Korea’s Posco says its Indonesian slab and plate making joint venture with PT Krakatau Steel could break even by June. The troubled project has dragged down both companies’ results since commissioning at the start of 2014, Kallanish notes.
Operating profit at the 3 million tonne/year Krakatau Posco steelworks improved in the first quarter of 2016 and it could turn an overall profit in the second half of the year, Posco says. The blast…
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Anonymous
Very good overview of the weekly steel market.
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