30
Mar
01:00
Krakatau expects Capex to peak at $551 million ion 2015
Indonesia’s PT Krakatau Steel says it expects a peak in capital expenditure this year as it expands capacity and a sharp decline in 2016 and 2017. Krakatau is in the middle of a major hot rolled coil expansion, as well as investing in joint ventures with Japanese and Korean steelmakers, Kallanish notes.
The company’s announcement seems timed to reassure investors of falling expenditures after the company recorded a net loss of $149.8 million…
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Anonymous
Very good overview of the weekly steel market.
Anonymous