Source: Manila Standard
The Philippine Induction Smelting Industry Association defended the advantages of using the Induction Furnace Smelting Technology, or IFST, in the manufacture of steel bars.
The local steel smelting group is composed of Melters Steel Corp., Real Steel Corp., Wan Chiong Steel Corp., Metrodragon Steel Corp. and Davao Mighty Steel Corp.
Former Senator Nikki Coseteng, who has backed up the group, said earlier “there appears to be a lack of appreciation in terms of this new technology, which is the Induction Furnace Smelting Technology, or IFST.”
“As you see, this is the more advanced technology, which in fact, minimizes air pollution and in fact, even lowers electricity cost. This technology was developed over a decade ago in Germany and Italy, (and) is also being used by steel smelters in the Asean region, India, Middle East, Africa, China, Japan, Taiwan and some European countries,” she said.