The Philippines-based steel producer SteelAsia Manufacturing Corporation has announced that it will commission its Cebu plant in Compostela by June this year.
The company has produced its first steel bar as the plant enters the final phases of commissioning. The plant will have an annual production capacity of 1 million mt of high-strength rebar.
Once the plant begins production, it will create a total 3,000 jobs and the company’s total annual production capacity will reach three million mt with its six other plants.
SteelAsia stated that it took only 30 months to complete the plant, despite the challenges and supply chain disruptions caused by the pandemic.
