Anshan Iron and Steel Group Corporation (Ansteel Group), the largest state-owned steel manufacturing firm in China, is set to put up a cement factory and a shipyard at the Phividec Industrial Estate in Misamis Oriental. This is on top of the $3 billion giant steel mill project which the group disclosed during its recent visit last October 2017.

This was confirmed by Ma. Teresa Alegrio, Regional Governor of the Philippine Chamber of Commerce and Industry (PCCI) which helped brokered initial talks between Phividec and Ansteel. More details at Philippine News Agency HERE.

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China’s Ansteel eyeing giant steel mill in Phividec

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