SteelAsia Manufacturing Corp., the largest steel producer in the Philippines, shipped 14,200 metric tons of high-strength steel bars valued at P511.24 million to Canada.
The company said it also plans to send an additional 30,000 metric tons worth about P1.2 billion early next year.
The latest shipment marks SteelAsia’s seventh export of rebars for Canadian infrastructure projects.
SteelAsia chairman and chief executive Benjamin Yao said entering a first world market underscores the company’s commitment to investing in the latest steelmaking technologies.
“If we must compete with the best, we must be at least as good as they are. Our vision is to establish a full-fledged steel industry here that can serve as the foundation for new industries in construction, infrastructure, car manufacturing, shipbuilding, and appliance production,” Yao said.
The exported steel bars were produced at the company’s Davao mill, which will also supply the upcoming larger shipment.
The previous six shipments, totaling over 41,400 metric tons worth P1.58 billion, were sourced from SteelAsia’s Batangas mill.
Yao noted SteelAsia’s environmental initiatives, saying the company is among the greenest steel producers globally, with its operations relying on renewable energy and recycled water.
With five mills and one of the largest rebar production capacities in Southeast Asia, SteelAsia is also expanding with new plants across the Philippines to reduce shipping costs and offer competitive prices to local customers.
President Ferdinand Marcos Jr. inaugurated SteelAsia’s newest mill in Compostela, Cebu in July, where he noted that “over 70 percent of all infrastructure, housing, power, industrial and other office developments in the country use SteelAsia rebar, highlighting the company’s indispensable role in our socio-economic transformation.”
Othel V. Campos
The Cebu-Mactan Bridge utilized 100-percent SteelAsia rebars, Yao said.
