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Saturday, October 15, 2016

National Steel Corp. was the biggest steel mill in Asia, now we import substandard steel from China ~Share


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During the administration of Pres. Fidel V. Ramos, under the government's privatization policy, the National Steel Corp. was turned over to the Malaysian investors in 1995.

In 2004, Indian investors took over and the steel mill shutdown in 2009.

According to the statement of Rep. Belmonte, the Philippines made a mistake in awarding the NSC to the Indians. The NSC was acquired by Pramod Mittal's Global Steel Holdings Ltd. from creditor banks in 2004 for a total price of P13.25 billion including an upfront cash of P1 billion while the remainder was to be paid over an 8-year-period.

The privatization of the National Steel Corporation under the Ramos administration was overseen by the former Department of Trade and Industry (DTI) Secretary Mar Roxas.

The National Steel Corp. during its glory days became the first government corporation to obtain an ISO-certification, it is complete with staff houses and other real estate assets inside its sprawling premises.

NSC was also the first government corporation to be declared Employer of the Year and also the first government corporation to be bestowed AIM's Award for Managerial Excellence in people development.

 During its peak, NSC supplied 62 percent of the Philippine total flat steel demand (34 percent for hot-rolled products; 75 percent for cold-rolled products; 69 percent for tinplate products). It used to directly export an average of 4,000 MT per month to China

NSC generated R12 billion in annual revenues and earned a net income of P500 million every year, after paying duties and taxes of R1 billion yearly to the government.



18 comments:

  1. Well,well,well....
    Look whose talking about tatay's 100 days in office.

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  2. Bakit ang kikitid ng mga utak ninyong mga duterturds. Ngayon, si Fidel Ramos naman ang inaatake ninyo?

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    1. hindi issue rito kung sino ang may baho,thats the truth and everybody have to know what is the truth..at hindi ito issue kung kaynino ka kampi ,what is the fact?

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  3. hindi si roxas ang trrade sec ni ramos

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  4. @Jerry Ocampo: mabuti pa manahimik ka nlng kung wla kang alam dong! Kmi alam nmin lahat yan dhil dito kmi nkatira sa Iligan City kung saan located ang NSC!! Our city was labeled before as the INDUSTRIALIZED CITY OF THE SOUTH kc nandito ang Iligan Cement Corp., NSC, NPC, RCP, atbp..tinawag din ang City nmin na THE CITY OF WATERFALLS dhil sa daming waterfalls kabilang na ang MA. CRISTINA FALLS!! Kung wla kang alam mabuti pa manahimik ka nlng at mg research ka din paminsan-minsan! Nakakahiya nman ang COMMENT mo!!! Dinamay mo pa mga DUTERTURDS??!! nagpaila lng kang BOBO!! mypa mghilom ka!! PWEHHH..

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    1. Carolina is absolutely right, I was born in Marawi City and passes by everytime I go to Iligan City. Maria Cristina Falls generate Electricity throughout Mindanao and was sold to where..Now back to FVR & PDU30 read what Señor Jose Alejandrino said As I wrote in my memoirs that was published in the United States, FVR was a cautious man. He was never given to bold actions, what Napoleon Bonaparte called "l'audace, toujours l'audace." He was, I said, no George Patton who charged forward despite the odds, but more of a Dwight Eisenhower who preferred consensus to accommodate divergent opinions. That was his character and style.




      Rodrigo Duterte is different. He is given to bold actions, more audacious, and ready to take the lead whatever others may think of him. Duterte is a Napoleon Bonaparte, a Heneral Luna, a Douglas MacArthur who had said that Eisenhower would make a good president but not a great one.




      Therein lies the clash between two men of different temperaments. In fairness to Duterte, no president before him had faced the immense problems he inherited. Extraordinary circumstances dictate extraordinary measures which Duterte has never shirked from even when he was mayor of Davao. He is determined to lead, regardless of criticisms.




      I am fond of both men. I understand both of them. I myself believe in bold actions and I believe that is what the Filipinos who voted for Duterte expect from him. FVR's style was probably appropriate to his time but whether it is appropriate today given our enormous problems is debatable. The people are calling for change. To effect change requires audacity because the established order won't give up that easily. I do not believe given our crab mentality that Filipinos can reach a consensus. We cannot even agree on simple things like where to bury Marcos.




      FVR had his time. As I had said to him when he was picking a successor, don't endorse anyone. Just leave with flying colors. He didn't listen and his anointed one lost the election. When he picked Duterte, I thought it was his way of redeeming the past by choosing a winner this time. I was convinced Duterte was a winner and had predicted his win by a landslide before the May 9 elections were held.




      My advice therefore is "President Ramos, you had your glory days. Let President Duterte have his. Leave God and history to judge him. He is the president and has the responsibility which is no longer yours. Let the people remember you as a good president and elder statesman. Relax and write your memoirs. You have done more than your fair share."

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    2. The president is doung a good job, but always shooting his feet whenever he speak,Now comes the fanatics if you dare to criticize the pres
      They will call you names yellowtard,addict,pusher
      druglord they wiill ganged up on anyone who cross their path,what they didn't know is it reflects
      On the pres,everybody deserves respect,but this fanatics are vicious and meaner than other sides
      follower they represent yhe attitude of the person that disgust them it just hapened that most of them have no inkling what they accused others represent who they are

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  5. Privatization of a govt corporation and other service oriented agencies is often blamed to inefficiency. They wanted them privatized to make them more efficient to serve the interest of the consuming public. Little did we know that they were all just floating reasons. The fact is "commission". How much commission that a "player" can get for the billions? 5%?, 10%?, 15%? They are getting an easy money, huge money out of privatization. We were all made stupid!

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    1. This comment has been removed by the author.

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    2. I am more inclined to believe this statement...

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    3. yes Alejan! you hit it right!
      now, perhaps, most Filipinos are already awakened and comes to the point of realization! thus, the initial feeling is anger and remorse, being made stupid, after being fooled by political sweet words like "privatization"…

      Granting without admitting that "privatization" is the better option, then it is just more prudent that we scrap off and get rid of these corrupt government, and make a private contract on all government services!!! hahaha

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    4. trueness...is there any study that would support that privatization is the remedy to inefficiency?

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  6. By the way, under who's watch was Fort Bonifacio sold out and where did the proceeds go. Another is the Expo in was it Subic ? Billions of pesos was alloted for that project and God knows how much was actually spent and how much went to commissions. Look at the Expo now. I beleive they waere all done when Ramos was president. Now What ! ! !

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  7. Loslos nimo ramos libot nimo tibook kalibutan you are the most adventurous preaident gamit kuarta sa katawahn bwesit ka...

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  8. Maraming NSC workers nawalan ng trabaho. Maraming naapektohan sa pagsara ng NSC.

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  9. When I started college in 1999 sa MSU-IIT, Iligan City,, nangarap aq na pgka graduate aq, sana I will be employed at NSC. Kasi ang ganda ng standing ng company. Mganda mgpasahod at ang daming benefits. Nakakalungkot lng na biglang na privitized at sa kalaunan, napasakamay na ng mga dayuhan. Tpos ngayon, ibunton ang ang sisi sa ibang admenistrasyon sa pgbagsak ng Pilipinas? Isip2 din sana oi.

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  10. When I started college in 1999 sa MSU-IIT, Iligan City,, nangarap aq na pgka graduate aq, sana I will be employed at NSC. Kasi ang ganda ng standing ng company. Mganda mgpasahod at ang daming benefits. Nakakalungkot lng na biglang na privitized at sa kalaunan, napasakamay na ng mga dayuhan. Tpos ngayon, ibunton ang ang sisi sa ibang admenistrasyon sa pgbagsak ng Pilipinas? Isip2 din sana oi.

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  11. I always think that President Ramos could be one of the best President our country could ever have he has been from both side of the spectrum of government, unfortunately he succumbed to the glare of money and his name tarnished by corruption allegations directly or indirectly.

    China is like a shrewd businessman you get what you pay for so accusing them of giving us sub-standard goods is unjustifiable, especially with the type of government negotiator we have (corrupt) before country, packet first attitude.

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