Govt seeks to revive National Steel under infra policy

THE government is pushing for the revival of National Steel Corp. (NSC) in line with the administration’s push for infrastructure and is looking for new sites like Phividec Industrial Authority in Misamis Oriental, Ramon “RJ” Jacinto, presidential adviser on Economic Affairs and Information Technology Communications, said on Wednesday.

“We’re looking into the revival of National Steel, but we have to get over the financial hurdle because of [NSC’s] loans with the banks. We need the cooperation of the banks. But we are also looking at new sites like the Phividec,” Jacinto said during the Infrastructure Congress and Expo Philippines.