- Business
- Husteel Co., Ltd. manufactures and markets a comprehensive range of steel pipe products, including pipes for ordinary piping, pressure service, fuel gas piping, boiler and heat exchanger applications; E.R.W. steel boilers and superheater tubes, heat-exchanger and condenser tubes; steel pipe piles, water-well pipes, fire protection pipes; line pipes, casings and tubings; steel tubes for general and mechanical structural purposes, square pipes, rectangular tubes, high tensile strength tubes for tower structural purposes, cold rolled carbon steel square pipes for aseismic building structures; rigid steel conduits and electrical rigid metal conduits; as well as stainless steel pipes following its entry into the STS business. The company, founded in 1967 and headquartered in Seoul, South Korea, operates production facilities including plants in Inchon, Daebul, Dangjin, Gunsan, and Daegu, with international subsidiaries and branches in the United States, Canada, Saudi Arabia, and Dubai; it serves domestic and export markets in North America, the Middle East, and globally, targeting industries such as construction, oil and gas, energy, automotive, and infrastructure. Recent developments include the construction of a Gunsan plant in 2022 and an America plant in 2023 to expand production capacity and U.S. market presence, alongside receipt of a $300 million exports award in December 2023; earlier milestones encompass the 2015 M&A with Nature & Environment Co., Ltd. to launch stainless steel operations at the Daegu plant, establishment of a Canadian corporation in 2018, and ongoing investments in advanced facilities such as high-intensity thick tube production in 2012 and induction quenching/tempering systems in 2008.