Krakatau Posco's $3.5b steel mill project to finish construction by 2027

Steelmaker PT Krakatau Posco, in cooperation with state-owned PT Krakatau Steel (KRAS), is set to expand to the second phase of an integrated steel mill project in a bid to capture the Southeast Asian electric vehicle (EV) market. The steel mill project, which will include a blast furnace, is worth approximately US$3.5 billion and is expected to finish construction in 2027. It is part of both companies’ efforts to establish a steel complex with an annual output of 10 million tons in Cilegon, Banten.

May 23 2022, The Jakarta Post

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