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National Steel Corporation

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National Steel Corporation (Philippines)
From Wikipedia, the free encyclopedia
National Steel Corporation (NSC)

https://en.wikipedia.org/wiki/National_Steel_Corporation_(Philippines)

Industry   Steel
Founded   1951
Headquarters   Iligan City, Philippines
Products   Steel, flat steel products, long steel products, wire products, plates
The National Steel Corporation or NSC (1951 – 2004) was a Filipino steel-making company, the largest in Asia. It had headquarters in Suarez, Iligan City, in the Philippines. The company was founded as National Shipyards & Steel Corporation in 1951. It was sold in 1962 to Jacinto & Son, a private Filipino company, and was later renamed Iligan Integrated Steel Mills.

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http://research.omicsgroup.org/index.php/National_Steel_Corporation_(Philippines)

National Steel Corporation (Philippines) NSC (1951 - 2004) was Asia's largest multinational steel-making company headquartered in Suarez, Iligan City, Philippines. "NSC" was founded as National Shipyards & Steel Corporation on 1951. On 1962, it was acquired by a private entity, the Jacinto & Son, a Filipino family corporation and later then renamed as "Iligan Integrated Steel Mills".

Foundation of National Steel Corporation

National Steel Corporation was organized on 22 February 1974 from the assets of Iligan Integrated Steel Mills (IISMI) when the later was subsequently foreclosed by the Development Bank of the Philippines (DBP).

NSC acquired the cold rolling facilities of Elizalde Steel (ELISCON) in 1978 and its tinning lines three years later. In 1981, the National Development Company (NDC) assumed full ownership of NSC. Two phases of Five-Year Expansion Projects in 1983-1988 and in 1991-1992 brought steel production capacity from 151,000 tons in 1974 to 800,000 tons in 1988 then 1,200,000 tons in 1992. Prior to liquidation, NSC’s manufacturing plant occupied 450 hectares in Iligan City and 11.8 hectares in Pasig City.

Installation of a Corex slab-caster in lieu of a Basic Oxygen blast furnace, the purchase of a Continuous Annealing Line or High-Convection Furnaces, as well as Computerization Level 3 (the replacement of the Mainframes, purchase of Computerized Maintenance Management System for Facilities Management and SCADA for Utilities), among several others were planned and considered for the next Five-Year Expansion Projects.

Aside from being the country’s leading producer of billets, the raw materials for rebars and wire rods, NSC was the dominant flat-rolled producer in the Philippines and was the country’s only tinplate producer. Flat products consist of hot-rolled coils, hot-rolled plates, cold-rolled coils, and tinplates.

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1996-2004 National Steel Corporation [Hottick-NSC] [Private]
The downtrend started in 1997 primarily attributed to the dumping of cheap imported steel products into the country (NSC, 1997) . Suits filed by NSC before the Tariff Commission against, CIS/Russian hot-rolled coils on 23 September 1998 (Tariff Commission, 2000)[4] was dismissed on 30 August 2000 concluding fair competition from normal imports. The case of Taiwanese CRCs on 28 June 1999 (Tariff Commission, 2001) sacked on 24 April 2001 for lack of merit; and South Korean tinplates on December 1996 (Tariff Commission, 1999)[5] similarly rejected on 18 October 1999 citing excess domestic and shift in demand from Electrolytic Tin Plate sheets to coils.
Three facilities produce the flat products of NSC, namely: hot strip mills, cold strip mills and the electrolytic tinning lines. Refer to Appendix C for a complete list of facilities for flat steel production.

The Hot Strip Mills, which process slabs to hot-rolled coils and hot-rolled plates, consisted of Hot Strip Mill No. 1, Hot Strip Mill No. 2 and a Plate Mill. Brazil, Australia, Korea, Mexico, Europe, Russia and China supplied NSC with slabs on a spot market basis, but the Asian crisis in 1997 frustrated NSC’s attempt of a slab supply agreement. Commissioned on 17 July 1993, President Fidel V. Ramos in his speech during the inauguration ceremonies said, the 1.2 million tons per year Hot Strip Mill No. 2 is “the final phase of NSC’s expansion effort and the vital link to the full integration of the steel industry in the Philippines” (NSC News, July 1993) .

“NSC’s foray as a private enterprise from 1995 under Wing Tiek then under Hottick has been a tumultuous phase; its flat steel production was subject to forces that would prove fatal to its corporate existence. NSC liquidation in 2000 brought rippling economic effects to the immediate community, in particular, Iligan City, and in general, the Philippines; as well as changed the legal environment for the Philippine steel industry; and threatened Philippine trade relations, especially with Malaysia.”

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