Cakrasteel

What Cakrasteel does

Cakrasteel (legal entity PT Mega Investama Sejahtera) is an Indonesian Special Steel manufacturer operating since 1989 from a single integrated plant in Pulogadung (Cakung), East Jakarta. The company is a member of Argo Manunggal Group and operates under 100% PMDN (Penanaman Modal Dalam Negeri / domestic-investment) status, positioning itself to serve Indonesia's local-content (TKDN) requirements in automotive, machinery, construction, and general manufacturing. Its go-to-market is B2B direct sales to domestic and overseas industrial buyers, with no public pricing, distributor tier, digital sales channel, API, or mobile app — commercial interface is limited to website contact forms, departmental email (marketing, purchasing, HRD), phone, and a WhatsApp business line (Mega Investama Sejahtera). The customer base is split between a primary segment of Indonesian domestic manufacturers seeking import substitution and a secondary segment of overseas industrial buyers.

The production stack runs through Steel Making and Rolling Mill. Primary steelmaking uses an 80-ton Electric Arc Furnace with eccentric bottom tapping (EBT) sourced from Mannesmann Demaag Germany, followed by an 80-ton Ladle Refining Furnace and 80-ton Vacuum Degassing for inclusion and gas control, then continuous casting via a Concast Standard AG (Switzerland) machine. Downstream rolling produces the finished portfolio: square and round billets (100-180mm), round bar (16-100mm diameter), flat bar / plat strip (6-35mm thickness, 50-100mm width, 6-meter length), and wire rod (5.5-20mm diameter). A KAN-accredited in-house mechanical and chemical laboratory (spectrometer, ONH analyzer, NDT flaw detectors) supports product compliance with JIS (Japan), SNI (Indonesia), and SAE (American) standards across carbon grades from 0.15% to 1% and various alloy compositions. The website Gallery also surfaces a steel-recycling capability accepting industrial and household waste, framed under a carbon-emission-reduction and circular-economy narrative.

The business model is direct one-time-sale of steel product per order to industrial buyers, with quote-based pricing (no public price list) and no recurring license, subscription, or services layer. The company relies on its PMDN / TKDN alignment, the Argo Manunggal Group umbrella, the Mannesmann-Concast equipment pedigree, and 36 years of operating history as the principal commercial differentiators; there are no disclosed patents, trademarks, awards, named reference customers, or third-party certifications beyond KAN lab accreditation.

Name

Cakrasteel

Legal name

PT Mega Investama Sejahtera

Website

https://cakrasteel.co.id

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Cakrasteel (PT Mega Investama Sejahtera) is an Indonesian special steel manufacturer established in 1989 as a member of Argo Manunggal Group, producing billets, round bars, flat bars, and wire rods for domestic and overseas automotive, machinery, construction, and manufacturing industries.

Ownership category

akta.pro rank

Product category

Special Steel Manufacturing

NAICS

Iron and Steel Mills and Ferroalloy Manufacturing (3311)

SIC

Steel Works, Blast Furnaces & Rolling & Finishing Mills (3310)

akta.pro primary industry

Electric Arc Furnace (EAF) Steelmaking (Incl. DRI/HBI-Based) (IMAKABAB)

akta.pro secondary industries

Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH), Steel Casting (Continuous Casting, Ingots, Semi-Finished Slabs/Billets/Blooms) (IMAKABAD)

Keywords

• Special steel manufacturing
• Steel billet production
• Round bar manufacturing
• Wire rod production
• Industrial steel products

Headquarters

HQ city

Pulogadung

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Others

Revenue model

1. Special Steel Products Sales: Revenue generated from manufacturing and selling Special Steel products including Billet (Square and Round), Round Bar, and Wire Rod to domestic and overseas industries.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Cakrasteel manufactures special steel products using Electric Arc Furnace technology followed by Ladle Refining, Vacuum Degassing, Continuous Casting, and Rolling Mill operations. Its portfolio includes Square Billet and Round Billet (100-180mm) used as input material, plus finished products such as Round Bar (16mm-100mm), Wire Rod (5.5mm-20mm), and Flat Bar/Plat Strip (6-35mm thickness, 50-100mm width) supplied to industrial customers.

Product overview

Cakra Steel operates as a special steel manufacturing company within the Argo Manunggal Group, producing a range of steel products from intermediate to finished forms. The product portfolio centers on Billet products (Square and Round Billet in 100-180mm sizes), which serve as input materials for downstream rolling operations producing Round Bar (16mm-100mm), Wire Rod (5.5mm-20mm), and Flat Bar/Plat Strip (6-35mm thickness, 50-100mm width). The company operates Steel Making and Rolling Mill production facilities, utilizing Electric Arc Furnace technology with Ladle Refining Furnace and Vacuum Degassing capabilities for steel production, followed by rolling mill operations for finished product manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Square Billet

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Scale indicators2 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• ArcelorMittal: World's largest steel producer with broad long-products and special steel offerings serving automotive, construction and industrial customers. Used as a global benchmark for capacity, technology pedigree and end-market exposure.
• Tata Steel Limited: Global integrated steel major with long-products, special bar and wire-rod exposure, supplying automotive and construction end-markets. Relevant broad incumbent for benchmarking product mix and downstream customer overlap.
• Nucor Corporation: Largest EAF-based steelmaker in North America and a benchmark for EAF economics, specialty bar production and capital-efficient steelmaking. Useful broad-incumbent benchmark for Cakrasteel's EAF-based special steel platform.
• PT Krakatau Steel (Persero) Tbk: Indonesia's flagship state-owned integrated steel producer and the largest domestic player, producing billet, long products, plate and coil. Most relevant broad incumbent for benchmarking Cakrasteel's special steel and long-product positioning in the Indonesian market.
• POSCO: Korean integrated steel major with global footprint including significant ASEAN activity. Broad incumbent peer on premium-grade and special steel positioning relative to Indonesian supply chain.

Emerging players

• Commercial Metals Company (CMC): US-based EAF-led steelmaker with growing focus on specialty long products and rebar. Comparable business model and EAF technology platform, though operating in a different geography.

Regional players

• Hoa Phat Group: Vietnam's largest integrated steel producer with strong long-products and construction steel exposure across ASEAN. Regional peer of comparable scale whose export activity into Indonesia directly competes with Cakrasteel.

Direct peers

• PT Ispat Indo: Indonesian EAF-based steelmaker producing billet, wire rod and related long products, supplying domestic construction and industrial markets. Closely comparable on EAF technology route, long-product mix and Indonesian B2B customer base.
• PT Gunung Raja Paksi Tbk: Indonesian private-sector steelmaker focused on hot-rolled plate, coil and long products including rebar and wire rod. Direct competitor on product mix and domestic Indonesian customer base, with comparable scale.
• PT Gunung Steel Group: Indonesian privately-held steel manufacturer producing rebar, wire rod and billet. Direct competitor in Indonesian long-products and construction-grade steel segments.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cakrasteel

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cakrasteel