SteelAsia Manufacturing Corp., the country’s flagship steel manufacturer, shipped out last 30 January the country’s largest steel export to date.
Originating from its Davao City plant, the 32,000-metric ton shipment of high-strength reinforcing steel was destined for a subway project in Vancouver, Canada. The shipment had a value of more than US$19 million or P1.1 billion.
SteelAsia exports now total 87,000 metric tons with an approximate value of P3.2 billion, all for the same Canadian subway project.
SteelAsia chairman and CEO Benjamin Yao said, “We have repeat orders from the same buyer and project, a vote of confidence in our reliability as a supplier and in the quality of our products. Locally, it is the same for us since the top developers are our biggest loyal customers.
SteelAsia operates four steel mills located across the archipelago. It is currently constructing a green steel H beam plant in Lemery Batangas, and will begin site development in Candelaria for a second green steel H beam plant worth P30 billion.
