The Sad Fall of a Philippine Steel Giant

040622 Like and subscribe. This is an archive, check the link in the end if you are owner. National Steel Corporation or NSC had once been the pride of Philippine industry. One of the biggest companies in the country, and a rare example of a well-run government owned company.

Over a span of twenty years, the company employed over 4,000 workers at Iligan City.

The Philippines had a head start on almost every other Asian country in building a steel industry. NSC could have been a global giant but a confluence of factors led to its decline and failure by 1999.

In this video, we will look at the rise and fall of a national champion.

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