Trade Resources Industry Trends POSCO Joint Venture with Indonesia-Based State-Run Steel Company PT Krakatau Steel

POSCO Joint Venture with Indonesia-Based State-Run Steel Company PT Krakatau Steel

South Korean steelmaker POSCO has announced that Krakatau POSCO, its joint venture with Indonesia-based state-run steel company PT Krakatau Steel, began manufacturing coke in early October.

In October 2010, POSCO came together with PT Krakatau to start construction of a 3 million mt per year integrated steel plant in Cilegon, Indonesia. Krakatau POSCO is targeting completion of construction by the end of December this year, with construction currently 98 percent complete.

Source: http://www.steelorbis.com/steel-news/latest-news/posco-jv-begins-coke-manufacturing-in-indonesia-790427.htm
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Posco JV Begins Coke Manufacturing in Indonesia
Topics: Metallurgy