• SteelAsia Manufacturing Corp shipped 32,000 metric tons of high-strength reinforcing steel to Vancouver, Canada, valued at $19 million (P1.1 billion) on January 30
• The shipment for the Vancouver subway project was produced at SteelAsia’s Davao facility
• Total shipments for the subway project now stand at 87,000 metric tons, worth P3.2 billion
SteelAsia Manufacturing Corp shipped 32,000 metric tons of high-strength reinforcing steel to Vancouver, Canada, valued at $19 million (P1.1 billion) on January 30.
The shipment for the Vancouver subway project was produced at the company’s Davao facility.
With this latest delivery, SteelAsia’s total steel exports for the Vancouver subway project have reached 87,000 metric tons, amounting to P3.2 billion.
“We have repeat orders from the same buyer and project, a vote of confidence in our reliability as a supplier and in the quality of our products,” said SteelAsia chairman and CEO Benjamin Yao.
“Locally, it is the same for us since the top developers are our biggest loyal customers,” he added.
Last November, the company shipped 14,200 metric tons of high-strength steel bars valued at $8.8 million (P511.24 million), a first for Mindanao steel exports.
The company currently operates facilities in Davao, Batangas, Bulacan, and Cebu and is actively constructing a green steel H-beam plant in Lemery, Batangas.
Additionally, SteelAsia is building a second P30-billion green steel H-beam plant in Candelaria, Quezon, to produce heavy structural steel products that are currently 100% imported. The facility is expected to start commercial operations in 2027.
The Quezon facility will use advanced European steel technology to enhance efficiency and product quality and will benefit the country with a $1.2 billion savings annually.
This heavy sections plant will produce over one million tons of structural steel such as H beams, I beams, angles, channels, sheet piles, plates and other heavy profiles.
Beyond Batangas and Quezon, SteelAsia is also developing new plants in Davao City and Concepcion, Tarlac.
The company’s expansion aims to replace steel imports, generate new business opportunities, create jobs, and drive economic growth, reinforcing its role as a major player in the local steel industry.
