Highsteel is showing strong performance. This is interpreted as being influenced by the analysis that approximately 30 trillion KRW worth of steel materials will be needed for the reconstruction projects in Ukraine.
As of 9:30 AM on the 26th, Highsteel is trading at 4,625 KRW, up 7.31% compared to the previous day.
Yoo Jin Lee, a researcher at Eugene Investment & Securities, released a report on the 26th estimating the scale of steel materials required for Ukraine's reconstruction projects. The researcher explained, "Referring to the domestic construction production input structure and completed construction cost statistics, the material cost ratio is about 15% for civil engineering works and 26% for architecture," adding, "The damage amount for roads and bridges in Ukraine, as currently aggregated, is around 40 trillion KRW, so about 3 trillion KRW worth of steel materials will be needed for restoration."
She continued, "The estimated damage scale for housing and buildings in Ukraine is 100 trillion KRW, and at least 26 trillion KRW worth of steel materials will be consumed during reconstruction," and projected, "Considering only infrastructure and construction, 29 to 30 trillion KRW worth of steel materials will be required for Ukraine's reconstruction." The researcher also stated, "Based on current hot-rolled steel sheet prices, this will add 34 to 35 million tons of new demand," noting that "this accounts for about 2 to 3% of global steel demand."
Meanwhile, Highsteel is a company engaged in the manufacturing and sales of steel pipe products. By establishing a production system that covers from existing ERW steel pipes to SAW steel pipes, the company now produces a variety of products ranging from small-diameter pipes like Sekyung pipes and small pipes to large-diameter thick steel pipes up to 60 inches suitable for crude oil and gas transportation.
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