16
Sep
10:33
Exports support Krakatau Steel’s profit
In the first seven months of this year, Indonesia's Krakatau Steel booked a net profit of IDR 609 billion ($42.7 million), already exceeding full-year-2020 profit of $23m, Kallanish notes.
The company owes the success to steel sales growth in both local and overseas markets. Despite the pandemic, its sales increased 44.1% year-on-year, boosting revenue to IDR 17.7 trillion over January-July.
Within this total, the value of export sales increase…
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Anonymous
Very good overview of the weekly steel market.
Anonymous