Indonesia’s state-owned steelmaker Krakatau Steel has declared force majeure following a fire at its Continuous Tandem Cold Mill (CTCM) on July 19, disrupting production of full hard cold rolled coil, according to local media reports.
The fire occurred at the company’s Cold Rolling Mill (CRM) facility, rendering the CTCM production line temporarily unable to manufacture full hard cold rolled steel.
Despite the disruption, Krakatau Steel said it continues to produce commercial grade CRC through its batch annealing furnace and hot rolled pickled and oiled steel via its continuous pickling line.
To ensure continuity of domestic supply, the company said it will cooperate with other Indonesian CRC producers to meet demand for full hard cold rolled steel during the outage.
Founded in 1970, Krakatau Steel traces its origins back to 1960 when the Indonesian government signed an agreement with Russia’s Tyazhpromeksport to build Cilegon Steel Mills. Over the years, the company has expanded its product range to include HR and CR steel, as well as wire rod, achieving a production capacity of 4 mln tons per year by 2022.