04
Mar
09:00
Indonesia's IFSH promotes two ferronickel projects
Indonesia-listed company PT Ifishdeco Tbk (IFSH) continues to promote the two nickel-iron projects, one blast furnace and one submerged arc furnace, through subsidiary PT Bintang Smelter Indonesia (BSI), according to director Muhammad Ishak, Kallanish notes.
BSI’s BF stopped production in 2019, one year after its commissioning, due to skyrocketing coking coal prices. Coking coal accounted for 60% of its total raw materials cost at that time. The company…
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