SteelAsia Manufacturing Corp. said it entered into an agreement with a Chinese steelmaker to construct a P108-billion integrated steel facility at a location yet to be decided. READ:
STEELASIA Manufacturing Corp. said it entered into an agreement with a Chinese steelmaker to construct a P108-billion integrated steel facility at a location yet to be decided.
The deal between SteelAsia and Baowu Group was a product of the three-day visit of President Ferdinand R. Marcos, Jr. to China in early January. Baowu will send a team to the Philippines next month to jointly explore with SteelAsia possible locations for the plant.
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