SteelAsia invests P30B in Quezon plant
Provided by Philippine Daily Inquirer.
MANILA, Philippines — SteelAsia Manufacturing Corp., one of the country’s largest producers of steel products, is investing P30 billion in a new manufacturing plant in Candelaria, Quezon, with the new facility aimed at producing heavy structural steel products.
In a statement on Wednesday, the company said that the plant was scheduled to start operations by 2027.
READ: SteelAsia ships P511.24M worth steel bars to Canada
“We will create around 7,000 jobs instead of giving jobs to China, Vietnam, Thailand, Korea and Japan, our major suppliers,” said SteelAsia chairman and chief executive officer Benjamin Yao.
“Our carbon footprint will also be 90 percent lower than the traditional steelmaking process because we use recycled scrap metal,” he added.
According to SteelAsia, this planned heavy sections plant will use the latest European steel technology to produce over 1 million tons of structural steel products, such as H beams, I beams, angles, sheet piles and plates.
Faster delivery
Additionally, the company said that once the Candelaria plant becomes operational, delivery time will be shortened from three months to four months for imported steel products to just one to two weeks.
“This is a game changer initially for the construction and infrastructure sector since this means quicker project completion and lower costs,” said Yao.
The engineering, procurement and construction management for the plant has been awarded to MCC Huatian Engineering & Technology Co. Ltd., which SteelAsia said was a global leader in this kind of construction project.
According to the China-based firm, it has built over 230 steel plants with a total installed capacity of over 200 million tons in 14 countries.
“In steel manufacturing, we cannot compromise on technology and know-how because we are committed to producing the best steel products,” Yao said, highlighting their confidence in the construction firm.
(2025/01/23-02:24)
INQUIRER
- 01/30 05:50 Philippines, New Zealand start talks on Sovfa
- 01/30 05:44 Elon Musk’s Starlink PH gets boost from House
- 01/30 05:34 2 more Chinese ‘spies’ arrested in Palawan – NSC
- 01/30 04:40 Trash in Manila Bay declined in 2024: How to sustain it?
- 01/30 03:38 PCG conducts hourly radio challenge vs CCG vessel off Zambales
- 01/30 02:26 PH ranks high in downloads, app use
- 01/30 02:18 Gov’t bond forward market coming to PH on Feb 3
- 01/30 02:16 Foreign equity boon to rural banks – BSP study
- 01/29 14:47 Carpio fears PH pact on Ayungin Shoal may expand China’s reach
- 01/29 10:30 Visiting forces agreement talks underway between PH, New Zealand
- 01/29 09:27 OpenAI announces ChatGPT Gov as DeepSeek trend continues
- 01/29 05:55 Maharlika open to buying Chinese stake in NGCP
- 01/29 05:35 2 anti-VP Duterte rallies set for same day, but difference arises
- 01/29 02:10 PH agri sector output down 2.2% in 2024
- 01/29 02:09 Nestlé ready to invest P2B in PH yearly until 2027
- 01/29 02:05 More MSMEs out to brave IPO mart
- 01/28 16:35 DeepSeek: Should you use China’s trending AI chatbot?
- 01/28 15:36 JuanTax, Jaz Philippines launch PH’s 1st AI accounting program
- 01/28 14:51 Army to conduct next phase of US missile system training in Feb
- 01/28 13:15 PH seen stuck in middle income trap until 2050
- 01/28 13:12 West PH Sea: Fewer Chinese ships seen during latest Ayungin resupply mission
- 01/28 09:56 Senate bill to build Special Defense Economic Zone passes final reading
- 01/28 05:45 Filipino wife of detained Chinese: He’s not a spy
- 01/28 05:40 Public warned anew vs side effects of injectable glutathione
- 01/28 05:25 First investment: Gov’t, through Maharlika, gets 20% stake in NGCP
- 01/28 02:11 BSP ramps up efforts vs fraud, cybercrime
- 01/27 17:50 Senate OKs bill granting PH citizenship to Chinese linked to Pogo
- 01/27 09:40 West Philippine Sea: PCG thwarts Chinese ship’s approach in Zambales
- 01/27 05:55 China deploys deafening sonic device vs PCG ship
- 01/27 05:50 DFA: Edca, defense treaty still important to PH, US
- 01/27 05:00 Chapel on site of Edsa Revolt named national shrine
- 01/27 04:40 Teachers set national rallies to demand VP Duterte’s impeachment
- 01/27 02:10 Industry groups warn vs higher beverage, food costs
- 01/27 02:04 Local travel agencies see ‘robust’ year for PH tourism
- 01/26 15:15 PH hits China bid to set a 'new order' in West Philippine Sea
- 01/24 10:59 China renews call to pull out US missile in PH
- 01/24 05:36 AFP checking another sea ‘drone’ found off Bohol
- 01/24 05:30 429-day ordeal ends for 17 PH seafarers held by Yemen rebs
- 01/24 02:32 BSP sharpens framework for probing suspicious accounts
- 01/24 02:30 Subway in Cebu? Feasibility under study
- 01/24 02:20 DigiPlus users surge to 40 million
- 01/24 02:18 Cebu Pacific flights to Masbate, Siargao moving to Clark
- 01/23 21:29 PH vessel prevents Chinese ship from nearing Zambales coast
- 01/23 16:42 DFA vows support in probe of suspected Chinese 'sleeper agent'
- 01/23 11:23 DA eyes partnership with retail chains to expand rice distribution
- 01/23 10:30 AFP investigating reported discovery of underwater drone in Bohol
- 01/23 09:08 ‘Metaverse Filipino Worker’ film features Pinoy digital pioneers
- 01/23 02:28 Rules on sale of ‘small’ state assets out soon
- 01/23 02:24 SteelAsia invests P30B in Quezon plant
- 01/22 23:47 PCG: BRP Cabra takes over to challenge CCG vessels near Zambales coast
- 01/22 17:26 Chinese nationals top getters of employment permit in PH – DOLE data
- 01/22 16:02 CICC launches UnmatchPH campaign against love scams
- 01/22 10:24 PH firms told to boost cybersecurity through AI
- 01/22 10:24 PH firms told to boost cybersecurity through AI
- 01/22 08:44 'America needs us, says PH Ambassador to US amid Trump presidency
- 01/22 07:40 AFP sees links among Chinese spy, recovered drones, falsified PH IDs
- 01/22 05:45 Marcos assures Trump on PH-US alliance
- 01/22 05:20 CSC exec: Not so fast on new gov’t work sked
- 01/22 02:10 Filipino CEOs trust AI, fear skills gap
- 01/22 02:08 US FDA removes coconut from allergen listing
- 01/21 15:18 NSC urges Congress to prioritize anti-espionage bills, amendments
- 01/21 09:57 DA sets aside P85M for small-scale egg production
- 01/21 05:50 Chinese man, 2 Filipinos charged with spying
- 01/21 05:45 Chinese Navy watches PH-US joint drills in WPS
- 01/21 05:30 Banks can’t unreasonably refuse loan payments – SC
- 01/21 02:08 DA sees record-high palay output this 2025
- 01/20 18:57 Philippine real estate outlook remains promising, resilient
- 01/20 17:32 Instagram grid swaps squares for rectangles, disrupting layouts
- 01/20 12:37 Marcos urges Tesla to manufacture electric vehicles in PH
- 01/20 12:02 WPS: PCG radio challenge affects China's 'way of thinking' – exec
- 01/20 11:25 TikTok returns online after Trump promises executive order
- 01/20 05:55 US aircraft carrier joins PH in WPS patrols
- 01/20 05:50 PH to procure 12 more light fighters from South Korea
- 01/20 05:00 DepEd to review sex education program
- 01/20 02:13 Recto: Gov’t might have missed 2024 growth target
- 01/20 02:10 Finland seeks to entice more skilled Filipino workers
- 01/17 05:42 MMDA eyes ‘7-to-4’ work sked in gov’t offices
- 01/17 05:38 Lawmakers: Why Chinese minority shareholder as NGCP chair?
- 01/17 05:36 China’s ‘monster ship' keeps ignoring PH call to leave WPS
- 01/17 05:30 Enrile questions INC ‘logic’ vs VP Sara Duterte impeach raps
- 01/17 02:34 BSP eyes PH shift to coin-lite society
- 01/17 02:32 UAE’s Masdar commits $15-B investment in PH renewable projects
- 01/17 02:20 DoubleDragon eyes P10-B retail bond issuance
- 01/16 10:49 Ransomware incidents increased by 11% in 2024, says Check Point
- 01/16 09:49 Poe asks Senate to probe dismal collection of SSS
- 01/16 09:42 Vatican AI laws: A Catholic approach to tech regulation
- 01/16 05:32 Marcos, Duterte, other execs’ satisfaction ratings down
- 01/16 05:30 A first: Comelec discards 6M ballots costing P132M
- 01/16 02:30 Weaker peso curbed remittances in November
- 01/15 17:18 Whoscall app: The PH had 6 million text scam messages in 2024
- 01/15 11:29 Marcos sympathizes with victims of California wildfires
- 01/15 10:58 Husband held in killing of Filipina in Slovenia, says DFA
- 01/15 05:37 PNP defends self after DILG chief smells ‘conspiracy’
- 01/15 02:18 BMI: Peso fall below 60 vs $1 still possible
- 01/15 02:14 PH vehicle sales hit fresh record high in 2024
- 01/14 19:42 Comelec suspends printing of ballots for 2025 polls
- 01/14 16:05 Contingency plans in place vs China reclamation in Scarborough - Navy
- 01/14 11:42 Marcos still firmly against VP Duterte’s impeachment - Palace
- 01/14 10:26 Credit card skimmers: How to spot and protect yourself against them
- 01/14 10:19 Philippine AI regulations and its high-tech future
- 01/14 05:00 PH, Japan, US confident of growing trilateral ties
- 01/14 02:12 PSEi tumbles to near 7-month low
- 01/14 02:10 SEC tightens disclosure rules on auditor fees
- 01/13 13:59 PH lodges protest vs China for illegal Coast Guard presence in EEZ
- 01/13 11:30 Marcos, Biden, Ishiba pledge stronger trilateral ties in phone call
- 01/13 10:23 WEF says 41% of companies will reduce workforces due to AI by 2030
- 01/13 09:21 How to spot and avoid YouTube comment scams
- 01/13 05:55 China’s ‘Monster’ coast guard ship back in WPS
- 01/13 05:50 DOF: Gov’t not shortchanging LGUs in share of national taxes
- 01/13 05:30 PDIC to hike bank deposit protection
- 01/13 02:09 MVP Group inks 25-year Camp John Hay lease, BCDA’s first
- 01/13 02:07 Renewables dominate pipeline of new power projects in 2025
- 01/12 05:10 EJ Obiena focused on vaulting back to lofty ranking
- 01/10 05:46 BIR: P40B in excise taxes lost due to illicit cigarette, vape trade
- 01/10 05:40 AFP chief: Electing ‘right people,’ not coups, can fix PH problems
- 01/10 05:30 Binays cleared in P1.3-B school ‘overprice’ case
- 01/10 02:30 PH trims trade deficit amid import slump
- 01/10 02:28 BSP eyes shift from digital transaction fees to subscription
- 01/09 23:10 PH ship challenges Chinese vessels off Zambales due to illegal presence
- 01/09 14:43 Comelec: Government aid belongs to Filipinos, not politicians
- 01/09 12:01 NVIDIA Project DIGITS puts an AI supercomputer at your fingertips
- 01/09 11:06 Tech advances, other factors to shape PH labor market until 2030
- 01/09 09:25 Femicide: Targeting women because they’re women
- 01/09 08:51 Record-high gov’t debt spooks investors
- 01/09 05:50 As ‘monster’ leaves, new Chinese ship takes its place off Zambales
- 01/09 05:32 Gov’t to push for flexible work setups this year
- 01/09 02:28 Peso seen falling below 59:$1 by Q2
- 01/09 02:14 Competition heating up in e-money industry, says BMI research
- 01/08 15:52 9 China Coast Guard vessels patrolling PH EEZ – US maritime expert
- 01/08 14:21 284 HMPV cases logged in PH in 2024; virus mild, not new – DOH
- 01/08 12:08 PH digital lending market seen to exceed $1 billion in 2025
- 01/08 09:17 Facebook, Instagram to ditch fact-checking for community notes
- 01/08 07:17 Open-world games can boost mental health, says study
- 01/08 05:30 ‘Above normal’ rainfall, more typhoons seen January to March
- 01/08 04:40 Many tourists take bus to Baguio amid traffic woes, says mayor
- 01/08 02:10 December inflation sped up to 2.9%, fastest in 4 months
- 01/08 02:05 New high: Gov’t debt topped P16 trillion in November
- 01/07 15:30 Suspected Chinese drone ‘non-operational’ when recovered – Navy
- 01/07 05:55 PH starts temporary hosting of 300 Afghans
- 01/07 05:50 ‘Monster’ still in PH waters, ignores PCG call to leave
- 01/07 05:40 Rights advocates urge US Congress urged to reconsider bill vs ICC
- 01/07 05:00 NSC: No proof yet China behind crashed drone
- 01/07 02:10 John Hay on lockdown as BCDA takes over
- 01/07 02:05 Meralco bags deal to build 600-MW gas plant in Singapore
- 01/06 15:31 NSC restructuring not a sign of rift in security sector – Malaya
- 01/06 13:40 China’s ‘monster ship’ off Zambales an act of aggression – NSC
- 01/06 12:11 New transfer system needed for Filipino prisoners abroad – solon
- 01/06 12:06 BCDA revenues hit P11B in 2024
- 01/06 11:15 PhilRice announces new rice varieties that can lower blood sugar
- 01/06 09:00 How to quit social media for a much-needed digital detox
- 01/06 07:56 PH firms must brace for AI-powered attacks
- 01/06 05:35 More endorsers back 4th impeachment rap vs VP Duterte
- 01/06 05:32 PCG sends ship, 2 aircraft to challenge ‘The Monster’
- 01/06 05:30 US to stay ‘laser-focused’ on PH-China maritime issues
- 01/06 05:25 Opposition mounts vs SSS premium hike
- 01/06 02:10 DBS raises PH GDP growth forecast to 5.8%
- 01/05 19:35 Ex-president also excluded Robredo from NSC – Tañada to Duterte allies
- 01/05 13:42 Rights group calls for ‘greater vigilance’ in 2025, alleges violations
- 01/05 05:41 AFP vows loyalty to flag after Marcos revamp of NSC
- 01/05 05:35 DOST: This smart pen for kids can help tell if they’re troubled
- 01/05 02:15 PH aspires to be next green power paradise
- 01/04 10:03 VP Duterte’s removal from NSC marks intense political conflict – Castro
- 01/04 05:30 BI hunts down 11,000 foreign Pogo workers still in PH
- 01/04 02:10 New year, new jets for rich Filipinos
- 01/03 16:09 Chinese embassy in PH dismisses rumors of new disease outbreak in China
- 01/03 14:57 Marcos reorganizes NSC, removes VP as member due to irrelevance
- 01/03 13:47 Oreo maker Mondelez uses AI to create new snack flavors
- 01/03 10:00 DOH verifying alleged 'international health concern'
- 01/03 08:36 BI: 22,609 Pogo workers leave PH; 11,000 others for deportation
- 01/03 07:47 China develops a self-lightening backpack
- 01/03 05:40 ‘Chinese’ drone retrieved from Masbate waters piques Navy
- 01/03 05:19 As PBA enters 50th year, will four-point shot stay?
- 01/03 02:14 SEC drafts rules on crypto services
- 01/03 02:12 DigiPlus secures Brazil license
- 01/02 10:56 Filipino scientists made concrete blocks with coffee grounds
- 01/02 05:38 OSG: Pogo asset seizures, birth records purge next
- 01/02 05:32 Northern Luzon at risk of more quakes
- 01/02 05:25 PH ambassador to Hungary is latest Marcos appointee
- 01/02 05:21 Ecozone eyed as naval base site in Mindanao
- 01/02 02:15 IMF asks BSP to disclose info on balance sheet strategy
- 01/02 02:10 1st round of PH-Chile FTA talks set for March
- 01/01 22:45 Marbil vows ’tech-driven, apolitical’ PNP in 2025
- 01/01 18:15 PH Ambassador Romualdez to attend Trump inauguration – Palace
- 01/01 05:39 Budget critics: Veto still left ‘pork’ intact
- 12/31 12:06 OCD gears up for another Mt. Kanlaon eruption
- 12/31 05:40 Vice, gore: A peek into the sinister world of Pogo traffickers
- 12/31 05:35 Panfilo Lacson to gov’t: Brace for legal challenge vs 2025 budget
- 12/31 02:08 An upper middle-income nation by 2025? What PH is bound to lose
- 12/31 02:02 Philippine telcos ramp up cybersecurity efforts
- 12/30 14:56 ‘Broken from start’, UniTeam sees complete collapse
- 12/30 13:07 Marcos pays tribute to late former US President Jimmy Carter
- 12/30 09:33 Marcos signs P6.3 trillion 2025 national budget, vetoes P194 billion
- 12/30 05:20 Filipino booters look to clinch a first-ever Asean Cup finals berth
- 12/30 02:30 PH home prices contract for first time in 3 years
- 12/30 02:28 PH attracts net ‘hot money’ inflow of $96.59M in Nov
- 12/24 21:09 Watch out for crypto scams this Christmas – CICC
- 12/22 05:50 BFAR plane tells Chinese Navy: ‘Review your chart!’
- 12/22 05:38 AFP trusts President Marcos, system, says Brawner
- 12/22 05:30 Marcos, VP Duterte ratings down as poll reflects inflation woes
- 12/22 02:22 Woke but confused: Holidays leave adulting Filipinos financially bipolar
- 12/20 10:37 6 power projects endorsed for operating permits
- 12/20 05:52 Marcos: Let DOJ handle House move vs Rodrigo Duterte
- 12/20 05:48 PNP partners with TikTok vs online scams, exploitation
- 12/20 05:42 SC fires judge involved in wife’s illegal deals
- 12/20 05:34 3rd impeach rap filed vs VP Duterte; Leni Robredo ally an endorser
- 12/20 05:04 Golf club members join legal battle in Camp John Hay
- 12/20 02:24 Balance of payments deficit grew to widest in over 2 years
- 12/19 16:06 Sovereignty, accountability, and hope: Key Philippine stories of 2024
- 12/19 13:47 Blueleaf ramps up Laguna floating solar deployment
- 12/19 09:39 PH bracing for foreign bond comeback in H1 2025
- 12/19 09:22 Vietnam learns lesson about China aggression – everyone’s a target
- 12/19 05:42 8,000 foreign Pogo workers still in PH with tourist visas, says BI
- 12/19 05:30 House tags Duterte, et al. for ‘crimes against humanity’
- 12/19 04:32 ‘Decarbonizing’ PH a race against time – but ‘we should do it properly’
- 12/19 02:28 Marcos-Duterte clash to hurt economy – Fitch
- 12/19 02:12 Holiday online shopping fraud ‘alarmingly high’ in PH
- 12/18 12:58 Neda Board approves issuance of EO on PH-Korea free trade deal
- 12/18 10:13 Blockchain Game Alliance Report shows organic Web3 gaming growth
- 12/18 09:34 DepEd budget expose billions in unspent funds
- 12/18 09:12 Prisoner swap pacts with other nations eyed after Veloso’s return
- 12/18 05:50 House OKs bill that lets foreigners lease land for 99 years
- 12/18 05:10 PhilHealth P500-B fund investment questioned
- 12/17 14:13 DTI revising regulations for vape products
- 12/17 12:25 AFP: Yearend WPS resupply, Noche Buena delivery missions successful
- 12/17 10:05 Peza expects approved investments to rise by 10% in 2025
- 12/17 09:56 Shadowy uranium trade reaches PH, raises fear of ‘dirty bomb’
- 12/17 05:45 COA: 4,000 dead seniors still on PhilHealth database
- 12/17 05:35 SC: Suspension of single, pregnant teacher illegal
- 12/16 18:23 Marcos on current state of PH: We’re quite stable amid political noise
- 12/16 05:33 Island Cove’s jobless: The other side of the Pogo ban
- 12/15 17:47 Dolly de Leon says a celeb’s craft deserves more focus than personal life
- 12/15 05:50 Senate bill forfeits illegal Pogo assets in favor of gov’t
- 12/15 05:25 DBM opens e-market for gov’t suppliers
- 12/15 02:03 Engineers build innovative roof manufacturing business
- 12/14 09:25 AI solar boat cleans 2.5 million liters of river water daily
- 12/14 08:40 AI agents will become brand ambassadors in 'Agentic Era' – study
- 12/14 05:55 House panel: Ex-president Duterte center of grand criminal enterprise
- 12/14 05:30 SMNI duo ordered to pay TV journalist P2M in damages
- 12/14 04:40 Negros Occidental declares state of calamity after Kanlaon blast
- 12/13 12:48 Harvard opens access to 1 million books for training AI models
- 12/13 12:21 Marcos aims to make PH military a 'world-class force'
- 12/13 11:39 Philippines deports 2,300 Pogo workers to China, other Asian countries
- 12/13 10:01 Gov’t eyes more diversified external financing before losing ODA perks
- 12/13 08:55 Teacher uses this trick to check students’ AI homework
- 12/13 05:30 Seized Pogo properties pose next gov’t challenge
- 12/13 02:32 It’s final: BCDA regains control of John Hay
- 12/12 22:14 2 more PH nature reserves tagged of ‘international importance’
- 12/12 10:59 VP Sara Duterte wrong in saying DOJ is ‘biased’ in probing her – exec
- 12/12 09:14 AI’s real impact on the global economy
- 12/12 05:48 Fisherfolk to SC: Void Manila Bay reclamation works
- 12/11 17:30 VP Sara Duterte considering hiring private security force
- 12/11 15:09 Local identity fraud cases surged 119% this year — study
- 12/11 14:24 DA bans poultry from The Netherlands
- 12/11 14:10 PDEA raises alarm over marijuana's growing popularity as holidays near
- 12/11 11:38 Marcos vows to make overseas work a choice, not a necessity
- 12/11 11:14 Readers more likely to distrust news from AI articles – study
- 12/11 07:32 Pogo phaseout in full swing; only 17 remain
- 12/11 05:55 Marcos rules out warship deployment in West Philippine Sea
- 12/11 02:04 World Bank trims PH growth outlook
- 12/10 15:34 China’s acts of war in West PH Sea accelerating ecological ruin
- 12/10 10:18 LTO vows stricter regulation of motorcycle taxis
- 12/10 05:50 Secret fund use hits P10B; OVP outspends 4 security agencies
- 12/10 05:45 Over 100 kilos of uranium seized in Pasay, CDO and Mandaue
- 12/10 04:40 Thousands evacuated as Mt. Kanlaon erupts anew
- 12/10 02:11 PH emerges as hot spot for RE investments
- 12/09 08:00 105 y.o. saved from stroke through advanced procedure in The Medical City
- 12/09 05:55 Chinese vessel hits BFAR ship with laser six times
- 12/09 05:50 Kalookan bishop, drug war critic is PH 10th cardinal
- 12/09 04:35 Eastern Samar has ‘fastest’ economic growth in Eastern Visayas
- 12/08 02:04 Demand for first-class seats rising among Filipino jetsetters
