The Australian steel producer BlueScope Steel has confirmed its interest in the privatization of Indonesia's largest steelmaker Krakatau Steel.
Meanwhile, Indonesian Industry Ministry's Director General for Metal Mr. Ansari Burhari has revealed that BlueScope Steel sent a letter to the ministry stating its intention to participate in the privatization of the country's largest steel mill.
Mr. Burhari emphasized that BlueScope Steel could offer its capabilities and its valuable experience, especially since it produces steel for both infrastructure projects and the automobile industry.
In its bid for Krakatau Steel, BlueScope Steel will have to compete with the world's largest steel producer ArcelorMittal, which has stated its intention to acquire a 40 percent stake in the Indonesian mill.