SAIL, Indonesia’s Krakatau Steel Explore Up to 1 Mn Tn Stainless Steel Project
Published on: July 12, 2026, 2:52 p.m. | Source: Outlook Business
SAIL and Indonesia-based PT Krakatau Steel are exploring a proposed joint venture to establish a stainless steel project with a capacity ranging from 500,000 tonnes to 1 million tonnes. The partners plan to manufacture stainless steel slabs in Indonesia, benefiting from the country's abundant nickel reserves, before supplying them to SAIL's Salem Steel Plant in India. The collaboration aims to meet rising demand for stainless steel across infrastructure, mobility, renewable energy and manufacturing sectors. The project's final capacity, investment structure, technology configuration and implementation timeline will be determined after feasibility studies and regulatory approvals.
