11 Agustus 2011
Press Conference: National Steel Market Conditions Exposure In Term II/2011 PT Krakatau Steel (Persero) Tbk

JAKARTA - On Thursday, August 11th, 2011 Press Conference was held regarding the National Steel Market Conditions Exposure In Term II/2011, placed in Basement Room, Krakatau Steel Building, Jakarta. The speaker is the President Director of PT Krakatau Steel (Persero) Tbk Fazwar Bujang and Marketing Director of PT Krakatau Steel (Persero) Tbk Irvan Kamal Hakim, attended by national media partners and local media. Press Conference presented the Term II/2011 of steel prices which are expected to improve. After experiencing a trend of increasing price in the first quarter of 2011, world steel prices were peaked the highest in March 2011 and further weakened. Then in July 2011 the price reaches "bottom-out" and predicted improved in Term II/2011.Furthermore, based on historical data between the period of 10 years also shown that the sales level of HRC (black plate) PT Krakatau Steel will rise after Eid Mubarak in every year, except in 2008-caused by the global financial crisis. In addition there is an accelerating in construction and infrastructure from the government projects, and also the realization of the state budget. The increase in steel prices in Term II/2011 is projected to rise by an average of 24% compared to same period last year.

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