South Korea’s SeAH to supply steel pipe to UAE’s Adnoc

: Crude oil, Metals, Natural gas
23/11/24

South Korean private-sector firm SeAH Steel has signed two large-scale contracts to supply steel pipe to Abu Dhabi's state-owned oil firm Adnoc, to accelerate its entry into the Middle East market.

SeAH Steel UAE will supply about 200,000t of steel pipes over five years to Adnoc for use in its oil and gas projects, but did not disclose further details. SeAH's Italian-based subsidiary Inox Tech will provide about 14,000t of clad steel pipes to Adnoc's Hail and Ghasha natural gas field project in the UAE from first-half 2024. "Production from the Ghasha concession is expected to start around 2025, ramping up to produce more than 1.5bn ft³/d of natural gas before the end of the decade," Adnoc said last year.

"Overseas production subsidiaries are recognised for their competitiveness as major suppliers in the energy steel pipe market, by signing large-scale orders in the Middle East market in succession," a SeAH Steel official said.

This development is in line with South Korea expanding its connections with the key energy-producing region, especially in the wake of the Israel-Hamas conflict. South Korea relies almost entirely on imports to meet its energy consumption, and having connections with Middle East energy projects can only help South Korea gain priority as an export destination.

By Tng Yong Li

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25/05/13

UK TRA proposes 40pc cap on other countries' HDG

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Mexico industrial production contracts in March

25/05/13

Mexico industrial production contracts in March

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US inflation eases to 2.3pc in April

25/05/13

US inflation eases to 2.3pc in April

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Namibia expects first oil in 2029-30: Official

25/05/13

Namibia expects first oil in 2029-30: Official

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ISTA blasts 'ludicrous' Tata Steel UK assertion to TRA

25/05/13

ISTA blasts 'ludicrous' Tata Steel UK assertion to TRA

London, 13 May (Argus) — Tata Steel UK's claim to the Trade Remedies Authority (TRA) that 2m-wide hot-rolled coil (HRC) could be bought for slitting is "ludicrous", according to the International Steel Trade Association (ISTA). In a submission to the TRA as part of its safeguard review, Tata said that if 2m-wide material, which it does not produce, is removed from the safeguard, it would be bought and slit, meaning it is no different from the material produced by Tata . But ISTA said 2m-wide HRC is a "significant part" of the yellow goods market and is used by companies such as JCB, Caterpillar and Liebherr for earth-moving, construction and agricultural equipment. It is also used in pipe and tube production and does not constitute a small proportion of the overall market, as suggested by Tata, ISTA said. The material must be imported as it is not manufactured in the UK and carries a premium over speed-stock widths produced by Tata. "For Tata Steel, who import volumes of this width themselves, to suggest that wider coil is ‘often imported only to be slit to narrower cuts' is ludicrous," ISTA said, arguing that there are "almost no" slitting lines in the UK that are capable of slitting 2m-wide material. The lines that do exist typically slit hot-dip galvanised (HDG) rather than HRC, Argus understands. Importers have also questioned the economic rationale of Tata's assertion that if higher-yield HDG is removed from the safeguard, importers would buy it and use it to compete with more commoditised grades produced by Tata. Higher-yield material carries a premium, and it would make no economic sense to pay it and then compete in the commodity market, trading firms told Argus . The TRA, which is expected to announce its provisional findings this week, is widely anticipated to propose caps on the quota for other countries' HDG. Importers told Argus that they were surprised by the aggressive tone of Tata's rebuttal to claims fielded by importers about material that it does not produce being excluded from the safeguard. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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