Iron & Steel Mills Ltd (NISM) was incorporated on 12 August
as a public company.
• NISM’s primary objective
was to manufacture, export and trade in iron and steel products
for the construction industry in Singapore, Malaysia and the
||• Meltshop started trial
• Test runs conducted on the rolling and
• A Public Issue was oversubscribed
by 21 times.
||• NISM officially opened
on 31 January.
||• Factory site increased
by 198,375 square feet.
||• The third electric arc
furnace commenced operations.
• NISM’s total
output capacity from three arc furnaces and two induction furnaces
was approximately 220,000 tonnes per year.
||• The automatic bar bundling
machine was introduced to replace manual methods of bundling
• Automation improved manpower utilisation
and enhanced the company’s competitive position.
||• Two 20-tonne cranes were installed
at Jurong Port to load and offload our products.
Reduced discharge time by 50 percent.
• A 1,250-tonne
scrap shear was commissioned.
||• The head office, called the GMO
building, was built at a cost of $3.9 million.
||• MBM5 — a $45 million high-speed
and automated wire rod mill was commissioned to produce reinforcement
bars and wire rods.
||• The Meltshop computer system was
commissioned to enable better process control of steel chemistry,
alloy consumption, manpower and energy.
• A new ladle
furnace was commissioned to enhance secondary steel refining
and production of higher quality steel grades.
||• The Business Development Unit was
established to explore new engines of growth.
||• The Research and Development Unit
was set up to conduct applied research in engineering processing,
automation and application of new materials.
||• A $9 million revamp of Continuous
Casting Machine 1 and 2 was carried out to modify and enhance
engineering and production capabilities.
||• NISM changed its name to NatSteel
||• A 55-tonne Vacuum Oxygen Decarburisation
furnace and station was installed to allow further refinement
and production of high quality speciality steel.
||• A radiation detection system to
screen all incoming scrap material for radioactive contamination
• Water utilisation in production processes
||• A new 80-tonne
Electric Arc Furnace was commissioned as part of the restructuring efforts to
improve productivity and cost management.
||• The YESS system was launched. It
offers real-time information for customers to monitor their
projects and improve site management and productivity.
||• A real-time training application
system was launched. It allows employees to apply for training
courses and review courses electronically.
||• The NatSteel group was bought over
by 98 Holdings.
||• A new e-leave system was introduced
so that all employees can view their leave records and apply
for leave on-line.
||• NatSteel Asia Pte Ltd was
incorporated and the steel business was later transferred to it.
• A new improved Performance Management
System was introduced. It enables staff’s training plans
to be better aligned with business goals and needs.
The Prosoft eTraining System was launched, a more comprehensive
online platform to facilitate the staff development process.
||• Partnership between NatSteel Asia and
Tata Steel was sealed.
Vision, Mission, Values and Strategies were launched.
• A sidewall oxygen lance and carbon injection system was
successfully installed in the Meltshop's electric arc furnace,
enabling a reduction in production cost.
• NatSteel Asia's merchant bar mill achieved a resounding
tonnage of 61,695mt – the greatest monthly figure wince the mill
was installed in 1984.
• NatSteel Asia embarked on its business excellence journey with
the Tata Business Excellence Model.
• An annualised saving of $16 million was reached through the
Total Operational Performance programme.
Asia launched its Corporate Social Responsibility (CSR)
programme, dubbed 'Building Beyond Borders', with a pledge of
S$1 million over the next three years to community initiatives
at its first-ever Golf Challenge.
||• As part of
an internal restructuring exercise, the entire business of
NatSteel Asia Pte Ltd was transferred to NatSteel Holdings Pte
||• NISM and
Pioneer Industries Employees’ Union signed a three-year
||• The above agreement was
extended by another five years.
||• A Works Council was formed
to promote better understanding between the company and employees,
to enhance productivity and quality standards.
second fume extractor was installed following the first in 1971
to further reduce atmospheric pollution and improve working
conditions in the factory.
||• The National Iron Foundation
was incorporated to provide endowments and grant scholarships
to deserving students.
• The Sports & Recreation
Club was formed to improve welfare and recreational amenities
||• The NISM Employees Union (NISMEU)
and the Occupational Health Unit were established to improve
the well-being of workers.
||• A pollution control system was installed
to reduce dust emission.
||• A new complex was opened to provide
workers with improved amenities such as an air-conditioned canteen
and a social & recreational lounge.
• Trees were
planted around the steel plant to beautify the environment for
• Mini aquariums were set up in the various
production centres for workers’ enjoyment.
Catastrophic medical insurance introduced for staff on a 50-50
co-share basis between the employee and the company.
||• A new collective agreement was signed between the
company and the NatSteel Employees Union, providing improved
benefits for workers.
• The Sports and Recreation
Club House was renovated and reopened.
||• Major retrofitting work was carried out on the fume
extractor system as part of our ongoing maintenance and
||• With the new collective agreement signed between
NatSteel Asia and the NatSteel Employees Union, the age ceiling for post-retirement
employment contracts was extended to 65 years.
||• Another collective agreement was signed between NatSteel
Asia's downstream operations and the Metal Industries Workers'
||• NTUC awarded the
plaque of commendation in recognition of harmonious labour-management relations and high productivity.
||• The Japan Industrial Standards Authority
gave the JIS Mark Award.
||• ISO 9002 certification.
||• Achieved the National IT
Award for large scale use of information technology in managing
business and manufacturing operations.
||• The first mini mill in the world
to achieve the ISO 14001 certification in recognition of international standards of environmental management and
best practices during the manufacture of steel products.
||• The People Developer
Standard, a national recognition for quality people development
||• The ISO 9001 and OHSAS 18001 certifications for our quality management system,
and good environment, safety and health programmes.
External auditors verified that the Safety Management System
meets the Ministry of Manpower’s requirements.
The Singapore Health Award (Silver) for
our excellent workplace health initiatives.
||• The Singapore Family
Friendly Employer Award and the Singapore Health Award (Gold)
for family-friendly policies and excellent healthcare for staff.
• Two golds, three silvers and one bronze
at the National Innovative Quality Circle Convention.
||• NatSteel Asia won the Singapore
Health Award (Gold).
• Our staff won four golds, six silvers and one bronze
at the National In-house Innovative Quality Circle Convention.
NatSteel Asia achieved three prestigious awards: the People
Developer Standard, Singapore Health Award and Work-Life
• NatFerrous, a subsidiary of NatSteel Asia, won the Fastest
Growing 50 Award for being ranked amongst the top 50
fastest-growing companies in Singapore.
NatSteel Asia was awarded the UK CARES, BS 4449:2005 and BS
4449:1997 (Grade B500B and 460B Bar) certifications for our
||• NatSteel Holdings achieved Work-Life
Excellence Award for the third time running since 2004, as well
as the Singapore HEALTH Award (Platinum).
||• NatSteel Holdings achieved Work-Life
Excellence Award for the fourth time
• NatSteel’s commitment towards environmental excellence and
protection has won the company the Singapore Environmental
Achievement Award (Merit). Organised by the Singapore
Environment Council with support from the National Environment
Agency, it is the most prestigious environmental award in
Singapore for honouring companies for their green practices.