Jakarta - PT Krakatau Steel Tbk has obtained two potential investors who will work together to return to work on the Blast Furnace project.

The company with the issuer code KRAS targets the factory to be operational in the third quarter of 2022.

"The Blast Furnace project was initiated in 2008 and entered the construction period in 2012, long before I joined Krakatau Steel at the end of 2018. The current management has obtained a solution so that previously idle facilities or factories can become productive," said the President Director of Krakatau Steel Silmy Karim in his statement, Thursday (7/10).

According to Silmy, the company has already had two potential strategic partners. Even one candidate has signed a Memorandum of Agreement (MOA) with Krakatau Steel, and another partner has submitted a letter of interest to work together on the Blast Furnace.

"This means that there is a solution for the Blast Furnace project. We are