PT Krakatau Steel has signed a long-term CRC supply agreement with Kerismas Group

Indonesian steel producer PT Krakatau Steel has signed a long-term supply agreement with PT Kerismas Witikco Makmur and its Kerismas Group business group for the supply of cold-rolled roll (CRC) and hot-rolled pickled and oiled steel products.

Krakatau Steel said the agreement covers a total volume of 36,000 metric tons of CRC and HRPO, which will be delivered over the next year. The steelmaker said the agreement is part of its broader strategy to strengthen the ecosystem of the domestic steel industry by ensuring continued availability of raw materials to producers.

According to Krakatau Steel, the supply agreement with Kerismas Group was made possible thanks to the working capital support from Indonesia's national investment fund Danantara, which aims to ensure the availability of raw materials for production.

Krakatau Steel emphasized that stable supplies of raw materials allow the company to ensure reliable supplies to its partners, adding that increased supply certainty is expected to enhance Kerismas Group's operational efficiency and market competitiveness in both the domestic and export markets.