Technologies for smelting iron ore and magnetite sand (of which around 10% contain 60 to 66% iron) using electric furnaces are now mature, with joint venture or turnkey plants available for sale in the 1st World. Such technologies combined with trillion-watt level power from Philippine geothermal and mini hydro sources as described in previous posts can make the Philippines a major producer of basic carbon steel (iron + 2% carbon). Carbon steel mixed with nickel, chromium and other metals from 1% to 20%, then melted in electric furnaces produce stainless and alloy steels which may be formed by molds, sheet-making machines and machine tools into all manner of machinery parts, sheets, tubes, bars, etc. Assembled in certain ways, such alloyed parts become factory machines, home appliances, vehicles, ships, heavy equipment, construction steel and all manner of steel-based products. The technologies applied to the Philippines can transform the country from near-total importer of st