SeAh Steel Holdings explained

SeAH Steel Holdings
Native Name:세아제강지주
Type:Public
Traded As:KRX

003030

Industry:Steel pipe
Founded:October 1960
Founder:Lee Jong-Deok
Hq Location:SeAH Tower, 45, yanghwa-ro, Mapo-gu
Hq Location City:Seoul
Hq Location Country:South Korea
Products:Steel pipes and steel sheets
Revenue: 3,953,834,150,660

KRW (2022)

Num Employees:733 (2017)
Subsid:SeAH Steel
Website:http://www.seahsteel.co.kr

SeAH Steel Holdings (formerly SeAH Steel Corporation) is a South Korean holding company located in Seoul, South Korea. It was founded as a steel manufacturer in 1960 by Lee Jong-Deok with the name of Pusan Steel Pipe Industry Corporation.

In 2018, the SeAH Steel Corporation split into two separate entities, SeAH Steel Holdings, a holding group for SeAh's foreign affiliate companies, and SeAH Steel, which kept the steel manufacturing activities.[1]

The company operates seven steel mills worldwide with locations in the United States,[2] Vietnam,[3] United Arab Emirates,[4] and Italy.[5] And now construction works have got underway for SeAH Wind's offshore wind foundation factory in Teesside, UK.[6]

SeAH Steel

SeAH Steel remains the main subsidiary of SeAH Steel Holdings after it transitioned into two separate entities in 2018.

SeAH Steel is the largest Korean steel pipe manufacturer[7] and its main products consist of steel pipes, titanium tubes, stainless steel pipes and galvanized color steel sheets.[8] It currently runs four plants in South Korea, located in Pohang, Gunsan, Suncheon and Changwon.

Management

As of 2022, SeAH Steel Holdings corporate leadership is headed by President and CEO Lee Joo-sung.[9] He plays a primary role in managing the company's business operations and diversifying the company activities. Lee Joo-sung led SeAH Steel Holdings into the renewable energy market by creating the UK-based subsidiary SeAH Wind and its construction works have got underway for SeAH Wind's new £400m offshore wind foundation factory in Teesside, UK.

Other affiliates

Notes and References

  1. Web site: SeAH Steel to demerge into holding, operating entities - Pulse by Maeil Business News Korea. 2020-09-04. pulsenews.co.kr. ko.
  2. Web site: 2016-11-30. SeAH acquires two US steel mills. 2020-09-04. koreatimes. en.
  3. Web site: SeAH Steel Holdings starts operation of new steel pipe mill in Vietnam - Pulse by Maeil Business News Korea. 2020-09-04. m.pulsenews.co.kr. ko.
  4. Web site: Ras Al Khaimah ruler opens 70mn SeAH Steel plant. 2020-09-04. Construction Week Online Middle East. en.
  5. Web site: 2014-02-11. SeAH steel Buys Italian Specialty Steel Pipe Supplier. 2020-09-04. Korea IT Times. ko.
  6. Web site: Lee. Danbee. Works start on SeAH's Teesside monopile plant. 2022-07-07. KOREAN INVESTORS. en-US.
  7. Web site: 박상수. 2007-02-06. (LEAD) POSCO forges strategic alliance with SeAH Steel. 2020-09-04. Yonhap News Agency. en.
  8. Web site: SeAH Steel Corp - Company Profile and News. 2020-09-04. Bloomberg.com. en.
  9. News: 2022-02-15 . Lee Joo-sung Named President & CEO of SeAH Steel Holdings . en-US . . 2022-03-29 . 0099-9660.
  10. Web site: SEAH GROUP. 2020-09-04. www.seah.co.kr.