9,062.36 TL BIST 100 BIST 100
4.36 CNY CNY CNY
31.22 $ USD USD
€33.83 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.64 TL Interest Interest
83.62 $ Fossil Oil Fossil Oil
22.49 $ Silver Silver
3.85 $ Copper Copper
113.88 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.68 TL Gold (gr) Gold (gr)

Jindal Steel announces the closure of its plant in Indonesia

Jindal Stainless Limited (JSL), India's largest stainless steel producer, announced that it will close its Indonesian cold rolling mill PT Jindal Stainless Indonesia (PTJSI) in Surabaya, Indonesia.

Jindal Steel announces the closure of its plant in Indonesia

In response to challenging market conditions in Indonesia, the company's board of directors has approved exploring options to sell, liquidate or divest its stake in PTJSI. PTJSI is unable to operate with a capacity utilisation rate as low as 15% due to trade protection measures for stainless steel products in key markets such as the US and the European Union.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukrzaliznytsia is pledging to restart sales of scrap metal

Thursday, February 29, 2024

Decrease in CRC and HDG prices expected in Europe

Thursday, February 29, 2024

Indonesia and South Africa target increased thermal coal supplies to India

Thursday, February 29, 2024

European steel market this week!

Thursday, February 29, 2024

Taiwan's scrap imports surge in January

Thursday, February 29, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now