20
Jun
13:18
Krakatau Steel lifts production, targets automotive steel
Indonesia's PT Krakatau Steel Tbk (KRAS) has increased production and sales in the first quarter. The steel mill looks forward to expand production capacity and start the supply of automotive steel, Kallanish notes.
Melati Sarnita, commercial director of KRAS, told CNBC in an interview that the company's debt restructuring is progressing as planned, with $90 million in interest and about $22m in Phase A debt paid by end-March 2022. At present, the company&…
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Very good overview of the weekly steel market.
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