20 Companies Intend To Work With KS Bisnis Indonesia, page T7, 2006-08-28
As much as 20 local (15) and foreign (5) companies intend to participate in the tender to become the partner of PT Krakatau Steel in building the metal oar process factory in South Kalimantan. The five prospective foreign investors include Metalurgical China Construction (MCC) and Sono Steel which are from China, Essar and Ispat International which are from India, Trans Asia International which is from Europe. Krakatau Steel needs an investment fund adding up to US$119 million for the development of the metal oar factory. The factory is targeted to finish in 2008.
Global Price of Steal Profitable for PT KS Kompas, page 18, 2006-05-18
The current world price of steel, which is at an average of US$ 500 per ton, is profitable for PT Krakatau Steel. The potential amount that could be obtained was not mentioned. At the present, the price of slab has reached US$ 480 – US$ 500 tons per ton causing the production price of steel to increase as well. Therefore, the average global price of steel up to the end of the year is estimated to be US$ 600 per ton. A number of steel producers in the world, such as India and China, are interested in investing on Indonesian steel. Other than that, a Ukrainian steel producing company is interested in working together with PT Aneka Tambang.
The current local consumption of steel is still low at 23 kg per capita per year. It could actually go higher when the infrastructure project is finally run.
Copyright & Disclaimer PT. Dataindo Inti Swakarsa makes no representation to any other person with regard to the completeness or accuracy of the data or information contained herein, and it accepts no responsibility and disclaims all liability (save for liability which cannot be lawfully disclaimed) for loss or damage whatsoever suffered or incurred by any other person resulting from the use of, or reliance upon, the features, functions, tools, data or information contained herein.Information provided is not financial product advice. This report contains general information only. It is not intended as financial product advice and must not be relied upon as such. You should consider obtaining independent advice tailored to your specific circumstances before making any financial decisions. Copyright in this publication is owned by PT. Dataindo Inti Swakarsa. The publication is sold on the basis that the purchaser agrees not to copy the material contained within it for other than the purchasers own purposes. In the event that the purchaser uses or quotes from the material in this publication - in papers, reports, or opinions prepared for any other person - it is agreed that it will be sourced to: PT. Dataindo Inti Swakarsa
Krakatau Steel Tbk., PT (Persero)
Indonesia Company Report
Last Update 1-October-2014
Major Businessline : Welding electrode, Iron and steel, ingot, strip, billet, sheet