The document provides an overview of the iron and steel industry in the Philippines. It defines iron and steel and notes that steel is made from iron and carbon. It lists major players in the industry and notes that steel consumption grew 9.2% in 2013 due to real estate and infrastructure growth. The industry saw an 8% growth in 2013 from reconstruction following natural disasters. It provides financial data for several steel industry subsectors and production and demand data for global iron ore.
The document provides an overview of the iron and steel industry in the Philippines. It defines iron and steel and notes that steel is made from iron and carbon. It lists major players in the industry and notes that steel consumption grew 9.2% in 2013 due to real estate and infrastructure growth. The industry saw an 8% growth in 2013 from reconstruction following natural disasters. It provides financial data for several steel industry subsectors and production and demand data for global iron ore.
The document provides an overview of the iron and steel industry in the Philippines. It defines iron and steel and notes that steel is made from iron and carbon. It lists major players in the industry and notes that steel consumption grew 9.2% in 2013 due to real estate and infrastructure growth. The industry saw an 8% growth in 2013 from reconstruction following natural disasters. It provides financial data for several steel industry subsectors and production and demand data for global iron ore.
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DEFINITION FINANCIAL PERFORMANCE, 2013 (Value in million pesos)
Iron is a strong, hard, magnetic, silvery-grey metal used as a Pipes and Tubes Manufacturing, Iron or Steel material for construction and manufacturing, especially in the form of steel. Gross Revenue 11,188 Net Income (Loss) 97 On the other hand, steel is a strong hard metal made of iron and Gross Profit Margin (%) 6.2 carbon. It is widely known for its many uses throughout history. In Current Ratio (%) 129.3 modern times, steel has been molded and could be found in almost Debt-Equity Ratio (%) 1207.2 all of the basic wares, such as spoons and forks, ladders, etc. Net Cash 316 Manufacture of Galvanized Steel Sheets, Tinplates and Other The Iron & Steel Industry is a sector of the metallurgical industry Coated Metal Products Made in Steel Works of Rolling Mills dealing with the production of cast iron, steel and iron alloys. The Gross Revenue 8,658 main raw material input to the production process is iron ore. Net Income (Loss) 123 MAJOR PLAYERS Gross Profit Margin (%) 10.7 Current Ratio (%) 117.8 Steel Asia Debt-Equity Ratio (%) 126.3 Cathay Pacific Steel Corporation (CAPASCO) Net Cash 209 Sterling Steel, Incorporated Operation of Steel Works and Rolling Mills, N.E.C. Tower Steel Corporation Global Steel Marketing Corporation Gross Revenue 63,966 Net Income (Loss) 1,381 DEVELOPMENTS Gross Profit Margin (%) 10.7 Current Ratio (%) 117.8 Data from Board of Investment showed that steel consumption Debt-Equity Ratio (%) 126.3 grew by 9.2 percent in 2013 to 6.58 million metric tons from Net Cash 209 the previous year. The growth is mainly attributed to the continuing growth of the real estate industry in the country with construction accounting for as much as have 81 percent of Index of Value of Production of Basic Metals the total demand in the steel industry. Another factor that solidified the expansion was the increase in the government 248.3 249.7 249.8 253.6 infrastructure spending. 210.4 200.5 Steel Manufacturing industry continues to prosper in spite of the calamities that hit the country in the past year. An industry official stated that the industry sees an 8 percent growth, led by all the reconstruction and rehabilitation activities following super typhoon Yolanda and the Bohol earthquake. 2008 2009 2010 2011 2012 2013 Per industry trends of Institute for Development and Econometric Analysis every new investment of P100 million in Source: Philippine Statistical Yearbook the industry leads to P260 million increases in domestic output, a P24 million rise in household income, and an additional 117 new regular jobs. As of 2013, registered investments amounted DEMAND AND SUPPLY CAPACITY to P42.3 billion. Global Supply/Demand balance in iron ore (in million tons)
2010 2011 2012 2013 2014 (f)
LEGISLATION Production 1890 1980 1985 2110 2190 Republic Act No. 7103 – An Act to strengthen the Iron & Consumption 1830 1950 1920 2060 2125 Steel Industry and promote Philippine Industrialization and Balance +60 +30 +65 +50 +65 for other purposes Source: FastMarkets
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