Krakatau Steel secures US$200 M in syndicated loan from China.
Construction of the blast furnace began in the third quarter of 2011 to be completed in the first or second quarter of 2014.
The factory is being built in Cilegon, Banten, where the state steel maker has an industrial estate.
PT Krakatau Steel also has big steel project in Cilegon worth US$6 billion built in joint venture with South Korea`s steel giant Posco.