Steel Asia which is celebrating its 50 years announced that it will invest P80 billion in five steel mills:
two in Davao
one in Lemery Batangas
one in Concepcion Tarlac
one in Candelaria Quezon (saw their vehicles in Candelaria when I went there)
This has huge impact on Philippine economy about jobs, steel supply chain. It will save PHP and dollars in importation of steel for construction, manufacturing, machinery. This is long in coming and finally after IISMI debacle we will finally be self sufficient in Steel
Thank you, Steel Asia, Kudos for taking this bold move/investment
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