Wrong Turnings from the start
Krakatau Steel made a test-drive of a blast furnace steel mill left fallow for over five years. Modification of the project will need additional investment.
Krakatau Steel’s independent commissioner Roy Maningkas only laughed when asked about the status of his position in the country’s largest steel concern. Roy had no idea whether the state-owned enterprises (SOEs) ministry had approved his resignation as commissioner. “I have not received a written reply,” said Roy over the telephone on Tuesday, July 30.
Roy submitted his letter of resignation to the SOEs mini...