20
Jun
11:32
Krakatau takes steps to repair hot strip mill
PT Krakatau Steel has started the restoration of its hot strip mill no.1 (HSM1) which was hit by a fire on 5 May. It has sent out a tender to potential companies to carry out repairs, industry sources tell Kallanish. It may take 1-2 months for work to start after the preferred candidate is selected.
Some market sources estimate the mill could be out of action for around 6-7 months. “The electric room was gutted,” a Singapore trader reports hearing from…
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Anonymous
Very good overview of the weekly steel market.
Anonymous