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Krakatau Steel laments rampant steel imports-The 20th China (Guangzhou ) Int’l Casting product Exhibition
1/7/2019 铸件展-casting expo-Die-casting expo-foundry expo |
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En Tempo reported that PT Krakatau Steel recorded a deficit of USD 37 million up to the third quarter of 2018. President director Silmy Karim explained the company had suffered losses for the past six years. He said the company was presently conducting restructuring to suppress the losses. He added that "And we have done fundamental changes, as well as in the industry, on how we discuss matters related to the national industry of steel.”
The improvement includes distribution, supply, and business organization. The company also continued to seek a strategic partner in a bid to develop its business.
Mr Silmy also lamented the rampant circulation of imported steel in Indonesia in recent years, which was one of the contributing factors to the company''s losses.
According to him, the state-owned steel manufacturer must vie with products exempt from import duty following the issuance of the Trade Ministerial Decree No. 22 of 2018. Hence, Silmy demanded the decree be revised.
Krakatau Steel president director said that “The national steel industry has been going downhill in the past two to three years because of imported steel. If this situation lingers we will not be competing fairly.”
铸件展-铸件采购会-国际铸件展-2019第二十届广州国际铸件展会-巨浪展览
-The 20th China (Guangzhou ) Int’l
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