Promotion of steel Industry Linkages.
Section 12
SEC. 12. Promotion of steel Industry Linkages. - The Investment Coordinating Committee of the NEDA Board shall formulate a plan for the development and establishment of upstream and downstream industries identified with the iron and steel industry within one (1) year from the effectivity of this Act. It shall also encourage and promote other uses of intermediate iron and steel products, especially those that will engage in the production of basic household tools, precision tools, engines, ship buildings and those produced by domestic enterprises enjoying benefits under this Act. In addition, enterprises utilizing the products produced by integrated iron and steel mills in the Philippines, shall likewise enjoy the benefits granted to said iron and steel mills, provided that the BOI approval is previously obtained.