BOI Approves New 800 Thousand Tpy Rebar Mill in Cebu

 

The planned steel mill, targeted to be operational in 2017 is in anticipation of growing need for construction steel.  Aside from the phenomenal economic growth of the region, reconstruction efforts of destroyed structures caused by Typhoon Yolanda and the 2013 Bohol earthquake are expected to create steel demand that will exceed domestic installed capacity if not for the new project of SteelAsia.

SteelAsia expects the investment to reach USD 100 million.

SteelAsia Manufacturing Corporation

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