SeAH Changwon Integrated Special Steel Corporation of South Korea has announced the establishment of SeAH Gulf Special Steel Industries (SGSI), a joint venture with Saudi Arabian Oil Company (Saudi Aramco), which will accelerate SeAH Group's expansion in the Middle East.

SGSI will invest US$230 million to build a seamless stainless steel pipe production plant with an annual capacity of 17,000 tons at King Salman Energy Park (SPARK) in Saudi Arabia. The plant will be completed in the fourth quarter of this year, with production scheduled to begin in the first half of 2025.