[Featured Stock] SeAH Steel Rises on EU Outlook for US Natural Gas Imports

[Asia Economy Reporter Hwang Yoon-joo] As the European Union (EU) expands imports of U.S.-produced natural gas, leading to an increase in LNG terminal construction, demand for STS (stainless steel) pipeline facilities is also expected to rise, driving SeAH Steel Holdings' stock upward.

As of 9:55 a.m. on the 13th, SeAH Steel Holdings is trading at 137,500 KRW, up 6.18% compared to the previous trading day.

At the end of last month, the EU agreed with the U.S. to import an additional 15 billion cubic meters of LNG within this year and to import 50 billion cubic meters annually by 2030. This is a measure to reduce dependence on Russian natural gas.

Consequently, expectations that demand for domestically produced STS steel pipes will increase in the U.S. have been reflected in the stock price. As the U.S. expands LNG exports and LNG terminal construction increases, demand for STS pipeline facilities needed to transfer LNG from onshore storage tanks to transport ships will also rise.

Among the U.S.'s steel pipe importers, South Korea accounts for the largest share (23%). SeAH Steel Holdings, along with POSCO, is regarded as a strong player in the steel pipe business among domestic steelmakers.

This content was produced with the assistance of AI translation services.