Saturday, May 30 2015

Krakatau Steel To Cut Production Of Slab Steel

Riendy Astria, Intan Permatasari Monday, January 13 2014, 8:11 am

JAKARTA— The weakening of global steel price urges PT Krakatau Steel (Persero) Tbk to decrease production by not fully operating its slab steel plant this year.President Director of PT Krakatau Steel Tbk. (KRAS) Irvan Kamal Hakim said he has considered not running the slab plant which produces raw material for steel production in full capacity to maintain the company’s cash flow.He argued the company must opt for effective and efficient way to minimize increasing production cost. “This (cut in production) is planned for 2014. We are responding to the low price of steel in global market, whether we would produce on our own or import semi finished steel. We must fight against relatively low steel price,” he told Bisnis on Friday (1/10).At present, the final production volume from the company reaching the downstream business remains the same. Its supply to the ma ...

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