[SMM Steel Market Flash] Philippines Says AI Infrastructure Push Could Lift Steel Demand

Published: May 25, 2026 17:20

Save

A representative from the Philippine Iron and Steel Institute said AI projects will directly require infrastructure, and infrastructure development in turn requires steel. Market attention is also focused on the US-led Pax Silica initiative, which plans to build a 4,000-acre industrial hub in the Philippines to support AI, semiconductor, and critical minerals supply chains. The project is seen as a potential catalyst for stronger industrial investment and steel demand in the country.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

Coking Coal and Coke Futures Hit Daily Limit, Coal and Ferrosilicon Cost Support Drives Magnesium Prices Higher — How Will Magnesium Perform Going Forward? [SMM Commentary]

4 hours ago

5 hours ago

[SMM Steel] India’s RINL Launches Export Tender for 60,000 mt Steel Billets

[SMM Steel] Indian state-owned steelmaker RINL issued a global export tender for 60,000 mt of prime continuous cast steel billets on an FOB stowed basis, with shipment required by July 20, 2026. The tender covers 3SP and 4SP billets in 150x150 mm and 200x200 mm sizes. Buyers must submit bids by May 26, with offers valid until May 30. The minimum bidding volume is 30,000 mt, with additional quantities allowed in 5,000 mt multiples. Payments will be conducted through irrevocable sight letter of credit terms.

5 hours ago

[SMM Steel] Feralpi Stahl Expands Rebar Capacity at Germany’s Riesa Plant

[SMM Steel] Feralpi Stahl, part of Italy’s Feralpi Group, is increasing annual steel capacity at its Riesa plant in Germany from 1 million mt to 1.3 million mt through a new Danieli rolling mill commissioned last May. The new facility currently operates on a two-shift basis and is expected to receive final equipment certification this summer. The mill targets annual rebar-in-coil output of 400,000-450,000 mt, with plans to shift to three-shift operations by 2027 depending on market conditions. The company also said it will continue investing in scrap processing operations.

5 hours ago