First established as the Trikora Iron Steel Project by President Soekarno, PT Krakatau Steel which constructed at 1970 has grown to be the largest steel producer in Indonesia. Krakatau Steel has demonstrated rapid growth, and in less than ten years, the Company has added various production facilities, such as the Sponge Iron Plant, Steel Billet Plant, and Wire Rod Plant, as well as infrastructure facilities, such as electricity power and a water treatment plant, the Port of Cigading and a telecommunication system. These developments led PT Krakatau Steel (Persero) to become an integrated steel company in Indonesia which has complete infrastructure facilities. On November 10, 2010, amidst volatile market conditions, PT Krakatau Steel (Persero) succeeded in becoming a public company through its Initial Public Offering (IPO) and listed its stock on the Indonesia Stock Exchange.
Currently, PT Krakatau Steel (Persero) Tbk. has a steel production capacity of 3.15 million tonnes per year (unaudited), producing HRC, CRC and Wire Rods and through subsidiaries, the Company also manufactures steel products for specialized industries and produces steel products such as Spiral Pipes, Electrical Resistance Welding Pipes, Reinforcing Bars, and Section Steel. This rolling capacity will be increased to reach 4.65 million tonnes by 2017 by adding HRC capacity by 1.5 million tonnes. The Company markets its products not just domestically, but also internationally.