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CAPITOL
STEEL
Commitment Affliations Accreditations Events
Our History
Founding
Capitol Steel, a leading reinforcing steel bar (or rebar)
manufacturer and supplier was founded by Han Sui
Cheng in 1974. In 1953, he started working at
International Steel Mill, later to be renamed Apollo
Steel Mills Inc., rising to become General Manager.
Eventually, he becomes the President. Capitol Steel,
formerly Central Steel and also a sister company of
Apollo Steel and a pioneer in the Steel Industry in
1950 together with Philippine Blooming Mills and
Marcelo Steel, suffered a crippling strike in 1973. The
owner, Mr. Johnny Cheng, who was also his boss
moved to liquidate the money-losing venture.
At the time, Mr. Han Sui Cheng, who was taking up his
PhD in Economics at the University of Santo Tomas
proposed a turnaround business plan as part of his
thesis. The owner proposed a joint venture
arrangement instead and offered a majority share in
the company. He remarked that better to be a partner
in a profitable business than to be the sole owner of a
losing business. In time, the partnership proved to be
successful, creating a steadfast rebar manufacturer.
Two decades later, Mr. Johnny Cheng took over Apollo
Steel and in exchange gave full ownership of Capitol
Steel to Mr. Han Sui Cheng.
Continuous Improvement
Capitol Steel was also one of the early adopters of
ASTM A615 Grade 60, a high tensile grade used in
high rise projects in the 1980s like the Citibank Tower
in Makati among others.
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Our
Commitm
ent
A Rebar Manufacturer’s Oath
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Our
A@liations
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Our
Accreditation
s
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Capitol Steel
Events
2021 Christmas Party
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