[Featured Stock] Positive News for US Alaska LNG Project... Highsteel Up 17%

As South Korea's participation in the U.S. Alaska liquefied natural gas (LNG) development project becomes more likely, domestic steel pipe manufacturer HiSteel's stock price is on the rise.

As of 9:38 a.m. on the 14th, HiSteel's stock price recorded 4,700 won, up 16.9% compared to the previous day.

The news that a large-scale gas pipeline will be used in the U.S. Alaska LNG development project appears to have acted as a positive factor. U.S. President Donald Trump previously stated in a congressional speech that South Korea and Japan would invest in this project, and the news that Alaska Governor Mike Dunleavy is scheduled to visit Korea seems to have influenced the stock prices of related domestic companies.

The Alaska LNG development project involves a gas pipeline approximately 1,300 km long, transporting natural gas produced at the northernmost part of Alaska to the south and then exporting it to the Asian region. Since large-scale steel pipes are required, there are expectations that the performance of related companies could grow.