SteelAsia Manufacturing Corp. said commercial operations of its mill that will produce its first reinforced steel bars in Cebu could start in June. Know more:
SteelAsia Manufacturing Corp. said commercial operations of its mill that will produce its first reinforced steel bars in Cebu could start in June.
With this additional capacity, SteelAsia said it now has six other mills located all over the country. Moreover, it said it can now produce 3 million tons annually. As such, the steel manufacturer said this makes SteelAsia the “largest producer of rebars in Southeast Asia.” Meanwhile, the company said it has been investing “heavily” in manufacturing plants to ramp up local capacity to make the Philippines “less dependent on imports.”
“This will ensure adequate high-quality and economical steel supply for housing and infrastructure development,” Yao said.
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