PT Krakatau Steel (Persero) Tbk is optimistic that the national steel\nindustry is moving closer to self-sufficiency amid global uncertainties.\nThis confidence is supported by the acceleration of downstreaming,\nstrengthening of technology, and utilisation of domestic raw\nmaterials.<\/p>\n
Krakatau Steel\u2019s President Director, Akbar Djohan, stated that this\nmomentum is reinforced by the launch of Phase 2 of the National\nDownstreaming Project as part of the strategy to bolster national\nindustrial resilience. The project is one of nine strategic national\nprojects inaugurated by President Prabowo Subianto.<\/p>\n
According to Akbar, the Krakatau Steel Group is playing a leading\nrole through the construction of a large-capacity carbon steel slab\nproduction facility in Cilegon. The company is also developing a\nstainless steel slab facility in Morowali through synergies with\nstrategic partners under the coordination of Danantara.<\/p>\n
\u201cCollaboration with strategic partners through the strengthening of\ncutting-edge technology and optimisation of local resources will enhance\nthe resilience of the national steel industry,\u201d said Akbar in a press\nrelease on Friday (1\/5\/2026).<\/p>\n
Akbar emphasised that the utilisation of domestic raw materials is a\ncrucial foundation in building a more competitive steel industry.\nAccording to him, dependence on foreign supplies must continue to be\nreduced.<\/p>\n
\u201cThe utilisation of domestic raw materials is the main key to\nbuilding an independent, efficient, and sustainable industry,\u201d Akbar\nstated.<\/p>\n
He assessed that downstreaming will also strengthen the national\nsupply chain to be more resilient in facing global pressures, including\npotential disruptions to international logistics such as escalations in\nthe Strait of Hormuz region.<\/p>\n
The project optimisation is being carried out in the integrated\nKrakatau Steel industrial area in Cilegon with support from logistics\nand energy infrastructure. This integration is expected to increase\nproduction and distribution efficiency while boosting the\ncompetitiveness of national steel.<\/p>\n
Through this project, Krakatau Steel also targets a gradual reduction\nin steel imports through the optimisation of company assets. This\nstrategy is part of efforts to build an integrated steel industry\necosystem from upstream to downstream.<\/p>\n
\u201cKrakatau Steel aims to strengthen Indonesia\u2019s position in the global\nsupply chain while supporting sustainable industrial development. With\nthese steps, the self-sufficiency of the national steel industry is\nbelieved to be increasingly solid and able to make a significant\ncontribution to the national economy,\u201d said Akbar.<\/p>\n
Previously, President Prabowo Subianto laid the foundation stone for\nPhase 2 of the National Downstreaming Project in the Pertamina RU IV\nCilacap refinery area on 29 April. The project includes the construction\nof a carbon steel slab facility with a capacity of 1.5 million tonnes\nper year with an investment of US$200 million, as well as a stainless\nsteel slab facility with a capacity of 1.2 million tonnes per year in\nMorowali.<\/p>\n
\u201cDownstreaming is the main path to the prosperity of the people.\nAlso, technological innovation, efficiency, and cross-sector\ncollaboration for national economic progress and welfare,\u201d said\nPrabowo.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/krakatau-steel-accelerates-national-steel-downstreaming-1777618383", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }