State steel producer Krakatau Steel (KRAS) has on May 17, 2021, commenced the production of Hot Rolled Coil (HRC) at Hot Strip Mill 2 (HSM 2) factory. This new facility will boost the Company’s earnings along with the increasing trend of steel prices in the past six months. Said facility was constructed in 2016 and had an investment cost of US$521 million, equivalent to Rp7.5 trillion. 

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