Krakatau Osaka Steel to Cease Operations Amid Import Competition and Demand Shifts
Krakatau Osaka Steel (KOS), a joint venture between Indonesia's Krakatau Steel and Japan's Osaka Steel, will cease operations by late April 2026. The closure follows persistent losses, inability to compete with low-cost Chinese steel imports, and slowing infrastructure projects. Nearly 200 workers face layoffs as the company initiates severance negotiations.
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