Chinese pursue $4.4-B first PH integrated steel complex 13 SHARES Share it! The $4.4-billion steel manufacturing project is purely Chinese financed project, while Steel Asia is providing technical support. Meanwhile, the project will increase its steel manufacturing capacity to 8 million metric tons under Phase II. Lopez stressed the importance of the said project stressing it will allow the country to substantially produce basic iron and steel products that will also further supply downstream steel products, like metal sheets and bars, including nails, staple wires, and paperclips as well as construction-grade products steel products such as wire rod and wire mesh. It will also support the Philippine’s bid to be a major producer of high-quality and safe steel products by 2030.

Source: Manila Bulletin December 15, 2018 13:52 UTC