Krakatau Steel signs deal to expand HRC exports to Oceania

Indonesia’s Krakatau Steel has signed a long-term supply agreement with Australian Steel Traders Pty Ltd (Astraders) to supply up to 30,000 tons of steel products annually to Australia and New Zealand.

The agreement was signed on October 14 at Trade Expo Indonesia 2026 in Tangerang. It covers HRC and HRS, with potential to include HRPO, CRC and other products agreed by both parties.

Krakatau Steel officials said the agreement would support export growth and strengthen the company’s relationships with international trading partners. Astraders has marketed Krakatau Steel products in Australia for 25 years, initially under the Volcano Plate brand and currently under the KS-Plate name.

The companies also plan to cooperate on product certification required in Australia and New Zealand. Astraders will seek to support Krakatau Steel in obtaining relevant certifications, including those from the Australasian Certification Authority for Reinforcing and Structural Steels (ACRS) and Steel Sustainability Australia (SSA).

The agreement is intended to expand Krakatau Steel’s market access in both countries, with product suitability, pricing, supply reliability and compliance with local requirements remaining key considerations.

Founded in 1970, Krakatau Steel traces its origins back to 1960 when the Indonesian government signed an agreement with Russia's Tyazhpromeksport to build Cilegon Steel Mills. Over the years, the company has expanded its product range to include HR and CR steel, as well as wire rod, achieving a production capacity of 4 mln tons per year by 2022.