INTERVIEW: Navigating the Chinese steel tide requires fortitude, grit The global steel industry has never been an easy one to navigate but now the onslaught of Chinese steel production has affected many steelmakers around the world, Fastmarkets heard. The surge in Chinese steel exports in the last few years and the expansion of Chinese steel companies into Southeast Asian countries, such as Malaysia and Indonesia, have led many companies to rethink their commercial and operational strategies.
Indonesia-based steel producer Gunung Raja Paksi is a key example.
The largest privately-owned steel mill in Indonesia is looking for more partners, especially Chinese ones, to drive its businesses forward in a time of market complexity and changing policies.
INTERVIEW: Navigating the Chinese steel tide requires fortitude, grit metalbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from metalbulletin.com Daily Mail and Mail on Sunday newspapers.
indexmarketsresearchFebruary 8, 2021
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Krakatau Steel to issue mandatory convertible bonds worth Rp3 trillion 29th December 2020
Documentation - Krakatau steel plant. (ANTARA/Asep Fathulrahman)
The remaining Rp800 billion (will be issued) in 2021. With the addition of Rp2.2 trillion at the end of this year, we hope we to realize the 2021 business plan properly with a sales target of 170 thousand kilo tons per month Jakarta (ANTARA) - State-owned steel manufacturer PT Krakatau Steel Tbk will issue mandatory convertible bonds worth Rp3 trillion as part of efforts for realizing the national economic recovery program.
The mandatory convertible bonds will be issued all at once and disbursed in two tranches. The first tranche of the bonds, valued at Rp2.2 trillion, will be issued in one to two days, Krakatau Steel finance director Tardi said during an online public exposure here on Tuesday.