13
Jul
11:14
Steelmakers to invest $5.45bn in Indonesian capacity
Five steel projects in Indonesia have been planned over 2017-2020 with a combined investment of around $5.45 billion. These are both boosting capacity in the country and diversifying the kinds of steels produced, Kallanish notes.
State-owned Krakatau Steel will see most of the early growth, with two projects commissioning this year. It hopes eventually to develop the Cilegon area around its main steelworks into a 10 million tonne/year steelmaking hub, …
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Very good overview of the weekly steel market.
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