You are here: Home > Steel News > Latest Steel News > Philippines’...

Philippines’ SteelAsia inaugurates Cebu rebar plant

Friday, 12 July 2024 13:40:05 (GMT+3)   |   Istanbul
       

The Philippines-based steel producer SteelAsia Manufacturing Corporation has in recent days inaugurated its Cebu plant in Compostela, which has an annual production capacity of 1 million mt of high-strength rebar.

The company has already produced its first steel bar as the plant enters the final phases of commissioning, as SteelOrbis previously reported. SteelAsia’s annual domestic rebar capacity at its all mills is now at three million mt, compared to two million mt last year.

In addition, SteelAsia plans to build four new production facilities on Luzon and Mindanao islands in the next two to three years to diversify its product range by producing steel products that are not currently manufactured in the Philippines such as H-beams, I-beams, wire rod, sheet piles and billets, as SteelOrbis reported earlier.


Similar articles

US domestic rebar pricing up slightly while wire rod remains steady on week 

21 Nov | Longs and Billet

Longs prices in Romania increase, some interest in ex-Egypt material

21 Nov | Longs and Billet

Asian wire rod prices edge down further despite rises in Chinese futures prices

21 Nov | Longs and Billet

Southern European longs market stable, shutdowns expected

21 Nov | Longs and Billet

Turkish domestic rebar spot prices fall below $600/mt

21 Nov | Longs and Billet

Major steel and raw material futures prices in China – November 21, 2024 

21 Nov | Longs and Billet

Turkey’s Kardemir closes its rebar sales

21 Nov | Longs and Billet

Shagang Group cuts local rebar prices by $21/mt for late November

21 Nov | Longs and Billet

US rebar exports down 2.4 percent in September from August

20 Nov | Steel News

US rebar imports down 65.3 percent in September from August

20 Nov | Steel News