Krakatau Steel plans $350 million stainless steel slab project in Indonesia
2026-11-05 10:53:37 [Print]
Indonesia's PT Krakatau Steel Tbk is targeting a stainless steel slab production capacity of 1.2 million tons per year through a new nickel processing initiative presented at the Danantara Technology Innovation Investment Forum 2026.
Infrastructure and Operations Director Sidik Darusulistyo estimated project investment at US$350 million, with projected annual revenues exceeding US$2 billion.
The project expands domestic mineral processing into high-value manufacturing materials.
Krakatau Steel previously signed a memorandum of understanding with Steel Authority of India Limited (SAIL) in July 2026 to explore a joint venture facility. Additionally, Krakatau Steel formed an advanced materials partnership with MIND ID, Defend ID, and PT Perusahaan Mineral Nasional (Perminas) to strengthen industrial supply chains.
Infrastructure and Operations Director Sidik Darusulistyo estimated project investment at US$350 million, with projected annual revenues exceeding US$2 billion.
The project expands domestic mineral processing into high-value manufacturing materials.
Krakatau Steel previously signed a memorandum of understanding with Steel Authority of India Limited (SAIL) in July 2026 to explore a joint venture facility. Additionally, Krakatau Steel formed an advanced materials partnership with MIND ID, Defend ID, and PT Perusahaan Mineral Nasional (Perminas) to strengthen industrial supply chains.
