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27 May
12:07

Krakatau Steel, Baowu cooperate to restart BF plant

Indonesian state-owned steel producer PT Krakatau Steel has signed a cooperation agreement with Baowu Zhongnan Steel to jointly restart its blast furnace in Indonesia, Kallanish notes. Silmy Karim, president of Krakatau Steel, said the partnership is based on the management's request to optimise Krakatau Steel's investment in order to bring economic benefits to the company. He expects the steel plant to operate with good performance and at a competiti…
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