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SteelAsia was established in 1965 by Benito Yao and Go Kim Pah, the latter being the founder of Equitable Banking Corporation. [4] The company was founded as the Island Metal Manufacturing Corporation setting its first steel mill in Quezon City with the capacity of 30,000 tons per year. [5] In the 1980s, Benjamin Yao took over SteelAsia's ...
Lemery Works was a project of Filipino firm SteelAsia Manufacturing Corp. and Chinese firm HBIS Group Limited. The two companies signed a memorandum of understanding on August 30, 2019, to develop an integrated iron and steel facility in Lemery, Batangas during the Philippine-China Business Forum, a side event of President Rodrigo Duterte's diplomatic visit to China.
In 2017 SteelAsia announced an increase in the amount of steel to be purchased from Metalloinvest owned Ural Steel. [14] In February 2022, Metalloinvest announced the sale of 100% of "Ural Steel" to Zagorsky pipe plant. [15] Oskol Electrometallurgical Integrated Works in Stary Oskol, Belgorod Oblast; large electric steel manufacturer [16]
The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...
Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.
Nippon Steel and U.S. Steel filed a federal lawsuit Monday challenging a Biden administration decision to block Nippon's proposed $15 billion acquisition of the Pittsburgh company and said that ...
In October 2018, in a public hearing conducted by the Environmental Management Bureau of the Department of Environment and Natural Resources, Lacson endorsed the proposed project of a scrap recycling mini-mill by SteelAsia Manufacturing Corporation. [18] In June 2020, Lacson launched his own mobile app. [1]
The Iligan Steel Mill was established in 1952 as a government-initiated project of the National Shipyards and Steel Corporation (NASSCO). [2]After NASSCO applied for a $62.3 million loan from the United States-based Eximbank to fund projects, the latter suggested a transfer of the facilities' management to the private entity.