Signs agreement for 200,000-ton sales in 2025; commits to overcoming intensifying market competition together

On September 23, Krakatau POSCO held a ceremony at the Langham Hotel in Indonesia to commemorate achieving cumulative sales of 1 million tons to Intisumber, Indonesia’s largest steel distributor. This marks the first time the company has reached cumulative sales of 1 million tons to a single customer since its founding.

▲Krakatau POSCO held a ceremony on September 23 at the Langham Hotel in Indonesia to commemorate 1 million tons of cumulative sales to Intisumber and presented an appreciation plaque. From left: Intisumber CEO Edward, Krakatau POSCO President Bumsu Jung.

At the event, Krakatau POSCO invited Intisumber CEO Edward and executives, with President Bumsu Jung and Purchasing and Marketing Deputy Director Kyung-nam Kim in attendance to present an appreciation plaque.

Established in 1978, Intisumber is Indonesia’s largest distributor, with processing centers and warehouses in critical regions. Krakatau POSCO has built a strategic partnership with Intisumber since starting operations in 2013, selling hot-rolled steels and plate steels. Notably, the 1 million tons of cumulative sales achieved today is equivalent to stacking plate products 1500mm wide and 1000mm long to the height of Mount Everest, the world’s tallest peak.

President Bumsu Jung said, “It has been an honor to grow together with Intisumber for 12 long years since our first connection in 2013. There have been many challenges, but we achieved 1 million tons in cumulative sales because you believed in us and stayed with us. Krakatau POSCO will continue to provide unwavering support for Intisumber’s growth as Indonesia’s largest distributor.”

Intisumber CEO Edward stated, “We are grateful to Krakatau POSCO ‘s employees for consistently supplying the highest-quality products on time. We hope to continue cooperating to contribute to developing Indonesia’s steel industry and steadily increase our transaction volume to 2 million, 3 million tons, and beyond.”

▲Krakatau POSCO signed an agreement with Intisumber for annual sales of 200,000 tons in 2025 at the Langham Hotel in Indonesia on September 23. From the fourth right: Intisumber CEO Edward, Krakatau POSCO President Bumsu Jung.

Additionally, Krakatau POSCO and Intisumber signed an agreement for annual sales of 200,000 tons in 2025. They committed to cooperating based on their strong trust to overcome challenging steel market conditions in the Indonesian steel market, where competition is intensifying with the operation of new hot strip mills.