China's Panhua Group is set to commission a plant in the Philippines with a capacity of 1 million tonnes per year for galvanized and pre-painted coils (GI/PPGI). The facility, located in Misamis Oriental, is part of a larger investment plan that includes a steel industrial park with a total capacity of 10 million tonnes per annum and a seaport terminal.

This project is expected to be developed in three phases, with the first phase anticipated to start operations in early 2025. The overall investment for the project amounts to approximately $3.5 billion, aiming to enhance the local steel production capabilities and reduce reliance on i