Client News
Global Steel hot strip mill goes into commercial production
Mar 07, 2006
To supply domestic and foreign demand for hot rolled coils
(Manila, Philippines) - Global Steel Philippines, Inc. (GSPI) today announced the commercial operation of its hot strip mill with production capacity of 1.2 million tons of hot rolled coils (HRC) per annum.
The hot strip mill last operated in November 1999, when the company operated as National Steel Corporation (NSC). The mill underwent full rehabilitation under GSPI management May last year.
“We now have the capacity to supply regional demand for HRC, in addition to supplying the local market. The Philippines will no longer have to rely on HRC imports. Instead, it is an HRC producer for both domestic and export markets,” said Global Steel chief operating officer B.S. Mohnani.
Estimated imports of HRC into the Philippines is between 200 to 300 million tons per annum. Exports are expected to decline significantly when Global Steel attains full HRC production, reducing the need to import HRC.
In addition to hot rolled coils, the plant also produces cold rolled coils and has emerged as the country’s largest exporter of flat products. The company also has capacity to manufacture tin plates.
“Hot rolled coils are used to produce cold rolled coils and by producing our own HRC, we are better positioned to meet the stringent quality norms of our discerning customers in Asia, Europe and the USA,” Mohnani said.
“Global Steel is helping shape the future of steel in Philippines. Our long-term focus is investing in technology and world-class operations,” said Global Steel executive director, Hari Mohan Prasad Singh. “Global Steel is committed to providing the best technology, products and people to maximize value for all its stakeholders,” Singh said. Over 1,200 Filipinos currently work in the company’s Iligan steel plant.
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About Global Steel Philippines (SPV-AMC) Inc.
Global Steel Philippines, Inc. (GSPI) is the Philippines’ largest steel manufacturer. It exports 70 percent of its production primarily to other Asian nations. Over 1,200 skilled committed Filipino workers are employed by the company in Iligan City where its manufacturing plant is located. They are proud to play an important role in the development of the Philippine economy. GSPI is a subsidiary of Global Steel Holdings Limited (GSHL), which has operations in Bosnia, Bulgaria, Libya, Nigeria, India, and the Philippines. Worldwide, GSHL operates and manages over 12 million tons per annum of steel production capacity.