Philippines is the 13th largest economy in Asia. Philippines has a GDP of $376.8 billion. The largest industries of the Philippines are:
Given the economic growth of the Philippines, it is an attractive country for steel trade. Philippines steel industry is diverse and includes steel mainly for construction, but many others as well. The Philippines uses long steel products, imported wire rods, and flat steel products in their industries.
This type of steel involves billets that get rolled into bars or shapes/sections. The bars mainly get used in their industries including construction, manufacturing, and machinery. The shapes/sections mainly get used in construction and fabrication.
Once imported, the Philippines uses the steel wire rods mainly to produce nails, wire, and fasteners.
Cold rolled and hot rolled processes can be used for this type of steel. In hot rolling, they either produce hot rolled plates or hot rolled coils. The Philippines uses the plates for shipbuilding or pipes. They use the hot rolled coils mainly for pipes/tubes, construction, fabrication, or hardware. Their cold rolling process involves cold rolled coils or tin mill plates. The cold rolled coils are used in fabrication, or it goes through a galvanizing process, forming GI/PPGI sheets that are then used in construction, fabrication, appliance, and hardware. The tin mill plates go through a tinning line and are used in the can making production.
Indonesia is accessible by both land and sea. For international trading, the main sea ports are:
For importing steel, Camasteel uses the largest port of Manila.
According to the latest trade data, Philippines imports from over 50 countries. They receive over 100,000 metric tons of steel imports from each of their top contributors, some including
Each year, the Philippines imports about
The specific types of steel that the Philippines imports includes:
In order to import in the Philippines, there is certain required documentation. These include documentation by the carrier of the aircraft or ship, certificate of origin, document to verify payment. In addition, an import permit is required and the authority to release the imported goods into the country. Upon import, it is likely that the goods will be inspected before the ability to be released.
1. Availability - The Philippines is the 17th largest steel importer in the world. They import a large quantity of steel each year and are usually in high demand for steel. It is important that they import steel because their production does not have the capacity to produce the needs of their demand.
2. Steel Cost – Given competition and high production costs, it would be more expensive for the Philippines to create more capacity for steel production than importing from other countries around the world.
3. Steel Quality – Philippines is taking better precaution in purchasing high-quality steel from reliable companies when importing is necessary.
In If you’re looking to buy small amounts of steel, there are local options more available for convenience. However, if you are looking to import in bulk and achieve cost savings, Camasteel has been exporting steel to clients in the Philippines. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation.