An exposition of the transition from pre-privatized NSC, then Wing Tiek and Hottick’s era, to the current NSC owner, GSPI, is also introduced where appropriate.
The steel industry encompasses many subsectors, thus to facilitate understanding, a simple value chain is provided below, Figure 4:
Figure 4: Steel Value Chain, adapted from Claessens and Henderson (2007)
Figure 4: Steel Value Chain, adapted from Claessens and Henderson (2007)
Although the focus of this blog deals with flat steel production of NSC specifically from 1994 to 2000, analysis of NSC’s plight deemed it necessary to incorporate other facets of the global, ASEAN, and Philippine scenarios—specific to the steel industry—intertwined with fleeting references to political, economic, and market factors. Thus, data prior to 1994 and beyond 2000 were included in some figures and graphs to aid the respective analyses done for the particular period of this study, i.e., 1994 to 2000, which is appropriately highlighted.
Notes:
Claessens, Dirk and Allan Henderson (2007), “Seize the strong positions. Steel companies in an era of consolidation.” NY, USA: IBM Global Services, IBM Institute for Business Value, June 2007. pp. 1-20. back to text
