Indonesian Steelmakers Raise Concerns Over Gas Prices as HGBT Program Ends

Indonesian Steelmakers Raise Concerns Over Gas Prices as HGBT Program Ends

Companies like Krakatau Steel, Chandra Asri, and Gunung Raja Paksi are in a tight corner as the HGBT subsidized industrial gas program ends and productions costs soar.

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Minggu, 12 Januari 2025 | 16:30

BisnisIndonesia.id, JAKARTA — As the fixed industrial gas price (HGBT) program runs its course, steelmakers including Krakatau Steel (KRAS), Chandra Asri (TPIA), and Gunung Raja Paksi (GGRP) are growing concerned of swelling production costs.

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