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COMPOSTELA, Cebu—SteelAsia Manufacturing Corp. said Thursday it exported P1.8 billion worth of high-strength steel bars to a Canadian railway system based in Vancouver.
SteelAsia chief executive Ben Yao said the steel bars were produced using green steel production methods. The company has been using geothermal energy to recycle steel scrap into high-value, infrastructure-grade steel bars. Yao said his vision is for the Philippines to have its own integrated steel industry that is capable of supporting big industries like automobile, airplane and ships manufacturing, appliances production as well as the construction and housing sectors.
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