Krakatau Steel Aims For Steel Exports To BRICS Member Countries

JAKARTA - PT Krakatau Steel (Persero) Tbk or Krakatau is targeting the global steel market through bilateral relations with BRICS countries in line with Indonesia joining the organization.

Krakatau Steel's Director of Finance and Risk Management, Daniel Frizgerald Liman, said Indonesia's joining in the BRICS membership opened up opportunities for the company to enter the global steel industry.

Furthermore, Daniel said, Krakatau Steel will optimize the potential for steel industry development cooperation with BRICS member countries.

"The company will also take full advantage of the opportunities it can get by joining Indonesia with BRICS, including opportunities for cooperation in the development of the steel industry and the provision of raw materials," he said in an incidentile public expose online on Friday, Friday 11.

Previously, Krakatau Steel had also signed a memorandum of understanding or MoU for a jumbo project worth 30 billion yuan or 4.18 billion US dollars, equivalent to Rp. 67.6 trillion (assuming an exchange rate of Rp. 16,185 per US dollar) with Xiamen ITC Group Co., Ltd. and PT Dexin Steel Indonesia.

The signing of the MoU at the BRICS Innovation Base Industry Project Matchmaking Meeting in Beijing, China on June 28, 2025.

For your information, Indonesia participated in the cooperation event for the BRICS member countries industry. Indonesia is also 2025 has officially become a full member of the BRICS economic bloc (Brazil, Russia, India, China, South Africa).

President Director of Krakatau Steel, Akbar Djohan, said Krakatau Steel as part of the Indonesian delegation collaborated with Xiamen ITG Group Co. Ltd. and PT Dexin Steel Indonesia in collaboration with steel products such as Slab, Hot Rolled Coil, as well as other potential collaborations.

In total there are 12 projects (which are offered) worth more than 30 billion yuan or 4.18 billion US dollars. Where Krakatau Steel became one of the companies from Indonesia that signed a memorandum of understanding at the event, "he said in an official statement, Sunday, July 6.

Akbar assessed that these projects are projects with a large investment scale, wide field coverage and high level of cooperation.

When all projects are realized, this will provide a major impetus to the development of the BRICS innovation base.

The projects offered at the event cover various major fields, such as digital manufacturing, green and low-carbon development, health, and scientific research and innovation that have enormous market potential.