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2011 SEAISI Economic, Environmental & Safety Seminar Nov. 21-22, 2011 • Hotel Istana, Kuala Lumpur City Centre, Malaysia. Philippines COUNTRY REPORT. Presented by: JOEL T. RONQUILLO Philippine Iron and Steel Institute. ECONOMIC UPDATES:.
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2011 SEAISI Economic, Environmental & Safety Seminar Nov. 21-22, 2011 • Hotel Istana, Kuala Lumpur City Centre, Malaysia PhilippinesCOUNTRY REPORT Presented by: JOEL T. RONQUILLO Philippine Iron and Steel Institute
ECONOMIC UPDATES: • World steel demand is projected to be 1,340 million tons in 2011 (an increase of 5.30% from 2010). • Apparent steel consumption growth of 14% (4.02M tons in 2010 vs 3.53M tons in 2009). • GDP posted a 7.3% growth in 2010. • Government forecasted a 7-8% GDP growth in 2011.
Performance of the Steel Industry in 2010 Apparent steel consumption reached 4.02 million MT in 2010, growing by 14% compared to 3.53 million MT in 2009.
Comparative Steel Demand 2009 2010 Construction Construction Light & Heavy Fabrication Light & Heavy Fabrication Others Packaging Others Packaging
Apparent Consumption:SEMI-FINISHED STEEL Sources: Bureau of Customs (BOC), Department of Trade and Industry (DTI) and Industry Sources
Apparent Consumption:FINISHED STEEL Sources: Bureau of Customs (BOC), Department of Trade and Industry (DTI) and Industry Sources 1 Covers hot rolled products only in order to avoid double counting 2 Excludes bar products converted from wire rods
Breakdown of Finished Steel Production in MT (2010 vs. 2009) Source: Industry Sources 1 Includes bar products converted from wire rods 2 2009 figures are revised due to new available information
Breakdown of Finished Steel Imports in MT (2010 vs. 2009) Sources: Bureau of Customs (BOC), Department of Trade and Industry (DTI) and Industry Sources
Breakdown of Finished Steel Exports in MT (2010 vs. 2009) Source: National Statistics Office
Steel Projects Source: Industry Sources
ENVIRONMENTAL UPDATES: • 20% drop of total suspended particulates (TSP) for the first quarter of 2011 at 131 µg/Ncm as against 163 µg/Ncm for the same period of 2010. • 25% drop of TSP for the second quarter of 2011 at 125 µg/Ncm as against 166 µg/Ncm for the same period of 2010. • TSP levels recorded for the third quarter of 2011 went down further at 120 µg/Ncm.
ENVIRONMENTAL UPDATES: • Issues on the proposed DENR Administrative Order regarding oxygen correction factors and emission averaging and guidelines for employing the emission averaging approach for compliance purposes. • Proposal from DENR to use EURO IV fuels by Jan. 01, 2016 for all new passenger and light duty motor vehicle types.
Thank You for your attention!