You haven`t login/register. Get
5 free articles after register here
Shrouded in debts, the state’s steel company is standing on the verge of bankruptcy. Rescue mission began before Krakatau Steel is merged under a mining holding company.
In mid-March, a number of directors and commissioners of Krakatau Steel flew to the Morowali industrial area in Central Sulawesi. Silmy Karim, CEO of the state-owned steel company, led the group to the factory of Indonesia Tsingshan Stainless Steel.
CEO of Krakatau Steel Silmy Karim: