What are the main reasons for building heavy steel structure factories in the Philippines?

The main reasons for building a heavy steel structure factory in the Philippines are as follows:
Reducing import dependence: Previously, all the steel components required for infrastructure projects in the Philippines relied on imports from China, Vietnam and other countries, with a delivery cycle of three months or more. Building a heavy steel structure factory can achieve local production, significantly shorten the delivery cycle to two weeks, and replace about US$1.2 billion of imported products each year, enhance the country's self-sufficiency in steel, reduce dependence on imported steel, and reduce the risks caused by international market fluctuations.
Promoting economic development: The project is in line with the economic reconstruction plan promoted by the government of Philippine President Marcos, and will help shift the economic model from consumption-driven to sustainable development with investment as the core. The construction and operation of the factory is expected to create about 7,000 jobs, covering production workers and related supporting industries, which can improve the employment level of the labor force, increase family income, and promote economic development.
Meet market demand: The construction industry is the most important steel-using industry in the Philippines, accounting for 80% of the total steel consumption, and the Philippines has launched a "build, build, and build again" plan. Large-scale infrastructure construction has a strong demand for heavy steel structures. At the same time, the automotive, shipbuilding and other industries are also developing, and the demand for steel is also increasing. The construction of heavy steel structure factories can better meet the domestic market's demand for various steel products and support the development of related industries.
Introduction of advanced technology: Cooperation with Italy's Danieli company can introduce its green steel technology, making the factory one of the steel production plants with the lowest carbon footprint in the world, and it is expected to avoid 2 million tons of carbon dioxide emissions each year. This is in line with the development trend of decarbonization in the global steel industry, and it will also help the Philippine steel industry to improve its technical level and achieve sustainable development.
Enhance industrial competitiveness: The Philippines previously had limited steel production capacity, and it was mainly concentrated in the production of products such as rebar. The construction of heavy steel structure factories can enrich the variety of steel products, produce heavy steel beams, angle steel, channel steel, steel sheet piles and narrow steel plates, etc., improve the steel industry chain, enhance the competitiveness of the Philippine steel industry in the international market, and promote the diversified development of the steel industry.