【SMM Steel】PT Krakatau Osaka Steel plans to stop all operations by Jun 2026

Published: May 11, 2026 17:08

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【SMM Steel】PT Krakatau Osaka Steel ceased production in late April 2026 and plans to end all operations by June. Chronic losses since 2022 due to weak construction demand and a surge of inexpensive imports, particularly from China, led to the decision. The govt is reviewing strategies to protect local manufacturers from global oversupply and price pressure. Current support includes import controls and special gas pricing, but additional policies are needed. The company must respect labor rights during the transition. The exit reflects national steel sector struggles.

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