Indonesia’s leading steel maker PT Krakatau Steel expects its net profit to reach IDR 941.4 billion (USD 63 million) in the first half of 2022, a YoY increase of 90%, as production & sales rose by 10% & 11% to 1.11 million tonnes and 1.09 million tonnes resulting in 30% surge in to IDR 20.6 trillion. The growth in sales of hot rolled coil and cold rolled coil was supported by sales of downstream steel products such as ERW steel pipes, roofing products, guardrails and other products. Krakatau Steel is currently finalizing its Hot Strip Mill 2, restarting the integrated strip mill and finalizing its blast furnace project with partners. It plans to operate the 1.2 million tonnes blast furnace in the third quarter of 2022 under cooperation with Baowu Zhongnan Steel. Krakatau Steel signed a memorandum of understanding with Baowu Group Zhongnan for the reactivation of the Krakatau Steel Blast Furnace plant in May 2022. The next collaboration is the development of the production of billet products such as steel products in the long product category, such as steel bars, sections, H Beams, I Beams , and others so that later they will be able to substitute for long steel products which had to be met through imports.