Friday, September 01, 2006

Steel giants compete for Krakatau project

Giant steelmakers such as Essar Ltd and Ispat from India, Sino Steel & China Metallurgical Construction (CMC) from China, and Trans Asia International (Uzbekistan) are competing to be investment partner of Indonesia's largest steel manufacturer PT Krakatau Steel in a US$120 million steel pellet & pig iron project.
The project is slated to start commercial operation by 2008

These giants are competing with 15 local investors in the project, slated to start commercial operation by 2008 to produce 1 million t/y of steel pellet and 300,000 t/y of pig iron. The plants would be built in South Kalimantan.
Read my previous posts for background:
1) Krakatau drops HRC project

2) Krakatau Steel profit drop 42%




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