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SeAh Steel Holdings

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SeAH Steel Holdings
Native name
세아제강지주
Company typePublic
KRX: 003030
IndustrySteel pipe
FoundedOctober 1960
FounderLee Jong-Deok
HeadquartersSeAH Tower, 45, yanghwa-ro, Mapo-gu,
Seoul
,
South Korea
Key people
ProductsSteel pipes and steel sheets
RevenueIncrease 3,953,834,150,660 KRW (2022)
Number of employees
733 (2017)
SubsidiariesSeAH Steel
Websitehttp://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

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SeAH Steel remains the main subsidiary of SeAH Steel Holdings after it transitioned into two separate entities in 2018.[1]

SeAH Steel is the largest Korean steel pipe manufacturer[7][1] 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

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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

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  • SeAH Coated Metal
  • SeAH Steel America
  • State Pipe & Supply
  • SeAH Steel USA
  • SeAH Steel UAE
  • SeAH Japan
  • SeAH Steel Vina
  • SeAH Wind
  • Vietnam Steel Pipe
  • INOX TECH (SeAH Steel Europe)
  • SeAH Steel Indonesia
  • Landmark Steel[10]

References

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  1. ^ a b c "SeAH Steel to demerge into holding, operating entities - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 4 September 2020.
  2. ^ "SeAH acquires two US steel mills". The Korea Times. 30 November 2016. Retrieved 4 September 2020.
  3. ^ "SeAH Steel Holdings starts operation of new steel pipe mill in Vietnam - Pulse by Maeil Business News Korea". m.pulsenews.co.kr (in Korean). Retrieved 4 September 2020.
  4. ^ "Ras Al Khaimah ruler opens 70mn SeAH Steel plant". Construction Week Online Middle East. Retrieved 4 September 2020.
  5. ^ "SeAH steel Buys Italian Specialty Steel Pipe Supplier". The Korea IT Times (in Korean). 11 February 2014. Retrieved 4 September 2020.
  6. ^ Lee, Danbee. "Works start on SeAH's Teesside monopile plant". KOREAN INVESTORS. Retrieved 7 July 2022.
  7. ^ 박, 상수 (6 February 2007). "(LEAD) POSCO forges strategic alliance with SeAH Steel". Yonhap News Agency. Retrieved 4 September 2020.
  8. ^ "SeAH Steel Corp - Company Profile and News". Bloomberg.com. Retrieved 4 September 2020.
  9. ^ "Lee Joo-sung Named President & CEO of SeAH Steel Holdings". The Wall Street Journal. 15 February 2022. ISSN 0099-9660. Retrieved 29 March 2022.
  10. ^ "SEAH GROUP". www.seah.co.kr. Retrieved 4 September 2020.
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