Shares of SeAH Steel and SeAH Steel Holdings, listed on the securities market, are strong in early trading on the 12th. This is interpreted as a result of buying pressure due to expectations that they will benefit from the United States' steel import regulations and the expansion of liquefied natural gas (LNG) projects.
As of 10:07 a.m. on that day, SeAH Steel Holdings is trading at 281,000 won, up 16,000 won (6.04%) from the previous trading day. SeAH Steel is also trading at 200,000 won, up 6,500 won (3.36%) from the previous trading day.
The stock price increase is interpreted as reflecting expectations that SeAH Steel will benefit from U.S. steel tariffs and the Alaska LNG project.
Park Seong-bong, a researcher at Hana Securities, noted, "If the U.S. confirms a 50% tariff against Canada and Mexico, there is a high possibility that South Korea will occupy a significant portion of these countries' export market share," adding, "As a result, the performance of SeAH Steel, a domestic subsidiary of SeAH Steel Holdings, and 'SeAH Steel USA,' a U.S. subsidiary, is expected to greatly improve in the second half of this year."
Park emphasized that the bidding chances for SeAH Steel are high during the process of increasing LNG production volumes in the U.S. and Qatar. He stated, "The global LNG production capacity is expected to increase by approximately 40-50% from the current 410 million tons (t) to 600 million tons by 2028-2030," adding, "Especially as the U.S. and Qatar lead major LNG projects, the bidding chances for SeAH Steel, which has large-scale stainless steel (STS) pipe production capacity, are high."