Philippines, Only country in ASEAN 5 with no Integrated Steel Industry

[jpdm]

[SIZE="6"]NDC urged to reacquire NSC[/SIZE]



by Bernie Magkilat
October 11, 2013

National Development Co. (NDC), the government’s investment arm attached to the Department of Trade and Industry (DTI), has been urged to spearhead in the reacquisition of the mothballed National Steel Corp. (NSC) in Iligan City to revive the domestic iron and steel industry in light of the booming economy.

National Development Co. (NDC), the government’s investment arm attached to the Department of Trade and Industry (DTI), has been urged to spearhead in the reacquisition of the mothballed National Steel Corp. (NSC) in Iligan City to revive the domestic iron and steel industry in light of the booming economy.

Roberto Cola, president of the Philippine Iron and Steel Institute (PISI) and vice president for industry of Steel Asia Manufacturing Corp., told reporters after presenting the Iron and Steel Industry Roadmap yesterday that NDC just need to spearhead the reacquisition in behalf of the private sector.

Cola stressed the need to revive the flat steel facilities of NSC and SCP because the country’s finished flat products are now all imported.

“NDC should reacquire NSC from GSPI for the private sector. It can also come in as a small equity investor,” he said.

According to Cola, it is easier to go for a brownfield iron and steel mill than put up a greenfield project, which has to go through a lot of environmental compliance processes.

Another roadmap proposal for the short-term period is for NDC to jumpstart vital projects because the government has enough “fiscal space” to spend for capital intensive iron and steel projects. This would also cure a perception that investing in the iron and steel sector is not profitable enough.

In addition, Cola said, NDC should fund a feasibility study for a project in a particular sector where it can also be a minority equity investor to lend some credibility in such undertaking.

The roadmap has urged for a commissioning of a comprehensive feasibility study for an integrated iron and steel mill project by tapping indigenous materials.

“This is the first step to secure the long-term goal of producing semi-finished and downstream processing by making use of existing indigenous materials, such as iron ore, coal, and limestone,” he said.

For the medium-term (2019-2023) period, the roadmap foresees a reliable supply of competitively-priced input materials to satisfy rising demand, develop symbiotic relationships with the mining sector and move up the technical ladder.


Meantime, the [SIZE="6"]Philippines is the lone country among the five ASEAN countries (Malaysia, Thailand, Indonesia, Vietnam), with no fully integrated iron and steel mill operation.[/SIZE]:bash::bash::bash::bash::bash::bash: Vietnam has the highest self-sufficiency rate of 83 percent followed by Malaysia with 57 percent, Indonesia with 46 percent and Thailand with 37 percent.

NDC urged to reacquire NSC | Manila Bulletin | Breaking News | Latest News | Philippines

[uls]

madami naman tayo call center and ofws

[K.I.L.L.]

Vietnam has indeed overtaken us. I have been going to Vietnam regularly over the past 10 years and they have grown by leaps and bounds. It is amazing how fast they grew. Even Myanmar's economy is growing fast and I won't be surprised if they overtake the Philippines too.

[stickers]

Eh ineexport lang natin ung ores natin. Masama nyan foreign companies pa nakikinabang sa mining.

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[Lew_Alcindor]

madami naman tayo call center and ofws

At tsaka magaling naman tayo mag english at kumanta.

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[romeocharlie]

Kase ang mga senador at congressman natin mga walang utak sa mga ginagawang batas.. Puros batas na pagpapogi ang ginagawa.. Hinde iniisip ang mga batas na kailangan ng industriyang kayang bumuhay ng ating bansa..

Yung basic measurment nga natin wala tayong batas na sinusunod.. Ano ba tayo american or metric or si system? Kaya pag bibili ka ng pyesa sa bahay o sa sasakyan, di mo maintindihan kung ano ang sukat na kukunin mo..




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[VanessaG]

Kase ang mga senador at congressman natin mga walang utak sa mga ginagawang batas.. Puros batas na pagpapogi ang ginagawa.. Hinde iniisip ang mga batas na kailangan ng industriyang kayang bumuhay ng ating bansa..

Yung basic measurment nga natin wala tayong batas na sinusunod.. Ano ba tayo american or metric or si system? Kaya pag bibili ka ng pyesa sa bahay o sa sasakyan, di mo maintindihan kung ano ang sukat na kukunin mo..




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I have to agree with this. The government and the whole system is broken. Until we can fix the government, we can't fix this country.

[uls]

[SIZE="6"]NDC urged to reacquire NSC[/SIZE]



by Bernie Magkilat
October 11, 2013






NDC urged to reacquire NSC | Manila Bulletin | Breaking News | Latest News | Philippines

so Mr. Cola wants the govt to buy NSC from GSPI

why doesnt his group buy NSC directly? why ask the govt to buy NSC?

coz NSC is a freaking black hole

if NSC is such a great investment Pangilinan and Ang would be fighting over it

walang laban ang locally-made steel sa imported steel pagdating sa presyo

kaya lagi nalulugi ang NSC at nagsasara

ayaw pa kasi tanggapin ng iba dyan na hindi linya ng Pinas ang manufacturing

ang linya ng Pinas ay SERVICES

[donbuggy]

27 Manila landmarks we miss | Sunday Life, Lifestyle Features, The Philippine Star | philstar.com

19. The Ysmael Steel Robot – Another childhood landmark was the Ysmael Steel robot on the front lawn of their factory on España Extension. We were on our way to becoming self sufficient in steel but our aspirations were shut down by foreign intervention. Now we are left to watch robots created by Hollywood.

What happened? We were going to be a First World country. Where did we go wrong?

[cpsolt]

OT:
Parang sa MTV ng Intergalactic ng Beastie Boys hehehe

[CVT]

RJ,- is that you? ...




21.4K:director:

[testament11]

ang linya ng Pinas ay SERVICES

The sad reality we're facing. Where in fact, ang dami natin idle lands. Someone said or has been taught in school na dapat ang focus natin is on agriculture dahil sa dami ng arable lands natin. Kaso hindi, pinagpipilitan daw ang manufacturing at industrial.

[uls]

yung Galvasteel finished product yan

they import galvanized coil

[Lew_Alcindor]

The sad reality we're facing. Where in fact, ang dami natin idle lands. Someone said or has been taught in school na dapat ang focus natin is on agriculture dahil sa dami ng arable lands natin. Kaso hindi, pinagpipilitan daw ang manufacturing at industrial.

Agriculture is important but it won't lift us from our current state. We still need industries to create jobs.

[vinj]

I have a relative who works in the steel industry. One of their main problems would be smuggled steel from China.

If the government ran a steel company like NSC, magiging debt-ridden lang yan while its management will enrich themselves with fat bonuses.

The LGUs, Congress and the Senate is a steal company that's been producing a lot of noise, hot air and noxious gasses.

[macsd]

There used to be Ysmael Steel & Puyat Steel aside from Jacinto Steel. They were made history after the imposition of martial law.

Dapat hanap na lang tayo ng foreign investor to buy this country and get rid of our stupid voters and politicians.

[vinj]

Dapat hanap na lang tayo ng foreign investor to buy this country and get rid of our stupid voters and politicians.

Actually, MVP is already doing that.

[antonath]

How about the Gavasteel of Phinma group in Los Banos?

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[uls]

steel products sold locally all made from imported steel

[Helios]

even during marcos' time they deemed funding such project unfeasible as the budget (sans pdaf anomalies) can only accommodate immediate problems involving underemployment and recurring shortages. forward to ramos' time same predicament and the push for heavy industries remained tentative.

currently the market is growing rapidly, the country should take advantage of its high rating and push for more investments towards this direction

it's possible now only when the 'steal industry' rife within the gov't is dismantled