| Product Code: ETC356309 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
According to the Philippine Iron and Steel Institute (PISI), total domestic sales of hot-rolled steel products decreased by 32. 9 percent in 2025 as compared to 2025, with a total volume of 1. 7 million metric tons sold in the year. The average price per ton increased by 7. 3percent during the same period while imports decreased by 35 percent from 2 million metric tons last year to 1. 3 million for 2025 due to a decrease in international demand caused by pandemic-related restrictions and trade tensions between major trading partners like China and the US.
The Philippines rolling mill rolls market is closely tied to the country`s metalworking and manufacturing industries. As these sectors expand, the demand for quality rolling mill rolls used in metal forming processes will also increase. Improved manufacturing technologies and the need for precision in metal fabrication will be key drivers for the growth of this market.
Challenges arise from the demand for high-performance rolls that can withstand extreme conditions, the need for continuous research and development, and the pressure to enhance roll longevity while minimizing maintenance costs.
The industry was likely affected by the COVID-19 pandemic, causing fluctuations in demand and supply chain disruptions, the outlook may have improved as economic activities gradually resumed. The market`s performance is closely linked to the overall health of the manufacturing and construction sectors.
The rolling mill rolls market in the Philippines is influenced by the country`s manufacturing and construction sectors. As the demand for steel products increases, the market for rolling mill rolls is likely to experience growth. Key players could include TKC Steel Corporation, SteelAsia Manufacturing Corporation, and Philippine Sinter Corporation.
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