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SteelAsia to build $2bn plant in Philippines with China's Baowu - Nikkei Asia

Nikkei Asia LogoNikkei Asia3d ago

SteelAsia to build $2bn plant in Philippines with China's Baowu - Nikkei Asia - Nikkei Asia

Quick Summary:

SteelAsia anticipates demand for the new plant's output from the construction, auto and shipbuilding industries.

It will produce 3 million tonnes of molten steel annually to be used for finished steel products, the Philippine company said.

SteelAsia, the country's top steelmaker, and Baowu, the world's largest, will select a location as soon as February for the plant.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-25 @ 19:24:00 (3 days ago)

News Timezone: GMT +9:00

Ranking: #62 (out of 4874 stories this day)

News Source URL: news.google.com

Language: English

Article Length: 161 words

Reading Time: 1 minutes read

Sentences: 8 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 4787181

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceBusiness

Official Website: asia.nikkei.com

Update Frequency: 15 posts per day

Year Established: 1876

Headquarters: Japan

News Last Updated: 8 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #19

Publisher Details

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The story "SteelAsia to build $2bn plant in Philippines with China's Baowu - Nikkei Asia" was covered 3 days ago by Nikkei Asia, a news publisher based in Japan.

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  • News ID: #4787181
  • URL: https://beamstart.com/news/steelasia-to-build-2bn-plant-16746748748351

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