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Officially, Indonesia’s Krakatau Steel Signs Debt Restructuring with Six Lenders

JAKARTA (TheInsiderStories) - Local manufacturer, PT Krakatau Steel Tbk (IDX: KRAS) has officially signed a debt restructuring agreement with six financial institutions. The management has...

Indonesia’s Krakatau Steel to Restructure Loans with Three Schemes

Jakarta (TheInsiderStories) - Indonesian steel maker, PT Krakatau Steel Tbk (IDX: KRAS) will use three schemes to restructure the company' loans with total amount...

Indonesia’s PTPP Eyes Krakatau Steel’s Subsidiaries

JAKARTA (TheInsiderStories) - PT PP Tbk (IDX: PTPP) interested to acquire PT Krakatau Tirta Industri (KTI), unit of PT Krakatau Steel Tbk (IDX: KRAS), local...

Indonesia’s Krakatau Steel Talks with POSCO, Nippon and Osaka Steel

JAKARTA (TheInsiderStories) - PT Krakatau Steel Tbk (IDX: KRAS) in talks with it partners, South Korea' Pohang Iron and Steel Company (POSCO), Japan' Nippon Steel and...

Indonesia’s Krakatau Steel Rights Issue to Refinance Debt

JAKARTA (TheInsiderStories) - In the midst of mounting debt, Indonesian state-owned steel producer, PT Krakatau Steel Tbk (IDX: KRAS), plans to increase capital through...

Indonesia Boosts Steel Export to Malaysia, Australia

JAKARTA (TheInsiderStories) – The Indonesian government is committed to improving the steel industry by reviewing export and import cooperation with Malaysia and Australia. Starting...

Indonesia’s Krakatau Steel Run Two Strategic Projects in 2019

JAKARTA (TheInsiderStories) - PT Krakatau Steel Tbk (IDX: KRAS) to run two strategic projects in this year as part the Indonesian steel producer' effort to...

Indonesia’s Krakatau Steel to Acquire Local Steel Companies

JAKARTA (TheInsiderStories) — To boost capacity production, state-owned steel maker PT Krakatau Steel Tbk (IDX: KRAS) aimed to acquire three local steel companies that...

Indonesia’s Pelindo II Will Acquires Krakatau Steel’s Subsidiary

JAKARTA (TheInsiderStories) - The state-owned port operator, PT Pelabuhan Indonesia II will acquire shares of PT Krakatau Bandar Samudera (KBS), unit of steel maker...

China Steel Imports to Indonesia May Spike as U.S. Slaps Steep...

JAKARTA (TheInsiderStories) - Indonesia domestic steel producers and industry players are calling on the government to monitor closely the steel trade as they are...

Krakatau Steel to Boost Sales Volume by 40% this Year

JAKARTA (TheInsiderStories) - State-owned steel producer PT Krakatau Steel Tbk Persero (IDX:KRAS) set a 40 per cent higher sales volume target for 2018, to 2,8...

Steel Production of Krakatau Posco Meets 10 MT Target

JAKARTA (TheInsiderStories) - PT Krakatau Posco, an integrated blast furnace steel mill owned by PT Krakatau Steel Tbk (IDX: KRAS) and South Korean steelmaker Posco Iron...

Indonesia Expanding Gas Pipeline Network, Pipe Producers to Benefit

JAKARTA (TheInsiderStories) - As a move to increase domestic usage of natural gas, the Downstream Oil & gas Regulatory Body, will tender out three...

Daily Business Briefs – Dec. 22

JAKARTA (TheInsiderStories) - Good morning. Followings are some relevant news that might help your business decisions today: Bank of Japan Keeps Monetary Policy on Hold Japan’s...

South Korean POSCO To Add $4 billion In New Investment

JAKARTA (TheInsiderStories) - South Korean construction firm Pohang Iron and Steel Co. (POSCO) plans for new investment of US$4 billion for second steel plant in...