State-owned steel producer Krakatau Steel (KRAS) partners with Sango Corporation for developing wire rod-based steel for automotive component industry with investment cost of US$95 million. Currently Indonesia imports 150,000 tons of wire rod for automotive component. As such, KRAS-Sango’s partnership could save the state US$24 million per year. KRAS will supply wire rod to Sango’s factory in Karawang, West Java, to be processed into automotive component with capacity of 40,000 tons per year.To subscribe please click here