Steel Asia behind Cebu construction boom, tops taxpayers list

Steel Asia, the country’s largest steel manufacturer, expects Cebu to continue its economic growth in the coming years even as it remains one of the country’s major markets outside Metro Manila.

“Cebu is to the Visayas what Metro Manila is to Luzon,” said Ben Yao, Steel Asia president, adding that the firm is expanding its manufacturing operations there to make sure that Cebu has enough steel for the construction of malls, business and residential buildings, public infrastructure, and utilities.