Better Times Ahead for Indonesian Steel Producer Krakatau Steel?
State-controlled steel manufacturing company Krakatau Steel is optimistic that it will post net profit in 2018 after continuously being plagued by net losses since 2011. Tambok Setyawati, Finance Director at Krakatau Steel, said the company targets USD $24 million in net profit for 2018. This optimistic view is supported by its significantly declining net loss in 2017.