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.
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Krakatau Steel Tbk., PT (Persero)
Indonesia Company Report
Last Update 26-April-2012
Major Businessline : Welding electrode, Iron and steel, ingot, strip, billet, sheet