【SMM Steel】Fuel shortage concerns threaten Philippines' nickel and steel industries

Published: Apr 2, 2026 16:36

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【SMM Steel】Potential fuel shortages are raising concerns across the Philippines' nickel, steel, and cement sectors. A national energy emergency was declared on Mar 24 due to global oil supply disruptions. Diesel prices have surged over 80%. Some nickel mines risk suspension. Steel producers are implementing cost controls. Large-scale shutdowns aren't expected yet, but industry remains under pressure.

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