News Room - Steel Industry

Posted on 13 Nov 2014

Krakatau Steel to spend up to $350 mln for capex in 2015



PT Krakatau Steel, Southeast Asia's biggest steel maker, plans to spend $275 million to $350 million on capital expenditure next year, said CEO Irvan Hakim.

The company will use the funds to build a blast furnace in Banten province on Java island, develop a 2x80 megawatt power plant worth $80 million, and a port. (Investor Daily)