SeAH Holdings announced on March 5 that it was selected as one of the Most Ethical Companies in the World for 2024 by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. This marks the first time a South Korean company has achieved this recognition. Sin
The Korean steel industry is preparing to file an anti-dumping case against cheap Chinese and Japanese hot-rolled steel products.The Korean steel industry led by POSCO is preparing to file an anti-dumping complaint against Chinese and Japanese steel products, according to sources in the steel indust
SeAH Group is rapidly expanding its global offshore wind power business. It is expanding its presence in the European market as an offshore wind substructure supplier.SeAH Wind, an offshore wind substructure manufacturing subsidiary of SeAH Steel Holdings, announced on Dec. 14 that it has been award
On Sept. 14, SeAH Group announced its participation in H2 MEET 2023, the world’s largest hydrogen industry exhibition, which opened in Goyang, Gyeonggi Province on Sept. 13, showcasing their vision and differentiated technical capabilities in the hydrogen industry.SeAH Group artistically incorporate
'H2 MEET 2023', the world's largest hydrogen industry exhibition, will host its largest-ever event at KINTEX 1 in Goyang, Gyeonggi Province for 3 days from Wednesday, September 13 to Friday, September 15.This exhibition is hosted by the H2 MEET Organizing Committee (Chaired by Nam-hoon Kang, Chairma
The author is an analyst of Shinhan Securities. He can be reached at krpark@shinhan.com -- Ed.We now expect SeAH Besteel Holdings to post sales of KRW1.1tr (+5.3% QoQ) and operating profit of KRW47.6bn (+1,342.4% QoQ) for 1Q23, meeting market expectations for sales of KRW1.09tr and operating profit
SeAH Steel announced on April 6 that it completed the installation of 24-inch stainless welded steel pipe (STS steel pipes) pipe manufacturing facilities for the first time in Korea and will begin volume production of STS steel pipes in earnest. The Korean steelmaker plans to become a strong player
The Ministry of Trade, Industry and Energy and seven steelmakers (POSCO, Hyundai Steel, Dongkuk Steel, SeAH Steel, KG Steel, Daehan Steel and Aju Steel) signed an MOU on Feb. 16.According to the MOU, they will form an alliance for low-carbon steelmaking and R&D cooperation. In addition, they will pr
SeAH Changwon Integrated Special Steel Corp. announced on Aug. 8 that it has completed the establishment of SeAH Gulf Special Steel Industries (SGSI), a joint venture with Saudi Arabia’s Aramco.The company has been pushing for the establishment of a seamless stainless steel pipe and tube plant in Sa
The Korea International Trade Association (KITA) sent an economic delegation to Washington, D.C. on June 21. The 13 delegation members include LG, SK Hynix, Hyundai Motor Co., SeAh Steel and Exicon.There, KITA Chairman Koo Ja-yeol met with Texas Senator Ted Cruz and Tennessee Senator Bill Hagerty on
The United States Department of Commerce said that its quota applied to South Korean steel exporters is not subject to renegotiations.The South Korean government opted for the quota in 2018 in order to avoid high tariffs. Specifically, South Korea’s annual steel exports to the United States are limi
SeAH Besteel announced on March 7 that it will supply three spent nuclear fuel transport and storage containers to Orano TN in the United States. The company took an order for 17 spent nuclear fuel transport and storage containers from the U.S. company in September 2019.Spent nuclear fuel transport
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Orsted’s earnings were dampened by low wind speed and grid connection costs in 2021, but should normalize this year in line with the start of new projects. Du
The authors are analysts of Shinhan Investment Corp. They can be reached at krpark@shinhan.com and mw.choi@shinhan.com, respectively. -- Ed. 4Q21 OP to miss consensus: Consolidated KRW40.4bn, standalone KRW24bnSeAH Besteel is expected to report consolidated sales of KRW940.8bn (+34.3% YoY) and opera
The U.S. government is considering imposing countervailing duties on South Korean and Russian oil country tubular goods (OCTG). South Korean steel pipe manufacturers are facing increasing difficulties with a quota already applied to steel exports from South Korea to the United States.The United Stat
SeAH CSS, a subsidiary of SeAH Besteel, announced on Sept. 8 that it will establish Saudi Arabia's first stainless steel seamless pipe and tube plant in cooperation with Dussur, a subsidiary of Saudi Aramco.SeAH CSS and Dussur will invest US$120 million in the joint venture in a 6:4 ratio. They
The Export-Import Bank of Korea announced on July 15 that it will provide 45 billion won in loans to SeAH Steel Holdings, which is tapping into the U.K. offshore wind power generation market, and make an equity investment of 10 billion won in SeAH Steel Holdings’ subsidiary in the U.K.In February, S
SeAH Steel Holdings Corp will invest about 400 billion won over the next three years to establish a plant for monopiles, an offshore wind power substructure, in the United Kingdom.The company signed an MOU on building a world-class monopile production facility with the British government in August 2
The authors are analysts of Shinhan Investment Corp. They can be reached at hyunwook.kim@shinhan.com and yoongu@shinhan.com, respectively. – Ed. 2Q21 OP forecast revised up to KRW65bn (+242%YoY)We now expect SeAH Besteel to report consolidated operating profit of KRW65bn (+242% YoY) on sales of KRW9
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. As the transition to a hydrogen society has begun, plans to expand large-scale hydrogen networks in Europe have been announced. In Korea, new fuel cell busine