Steel Products Prices North America

South Korean Company To Build New OCTG Mill in Texas

Written by Laura Miller

July 12, 2023

A South Korean pipe and tube manufacturer is planning to build a new oil country tubular goods (OCTG) mill just north of Houston.

steel tube 185Husteel, part of South Korea’s Shinan Group, is set to build a $122-million greenfield OCTG facility in Splendora, Texas, according to industrial equipment manufacturer Fives Group.

Paris-based Fives said it has already signed a contract with Husteel for the design, supply, and installation of a pipe mill to produce welded OCTG in diameters of 60- to 114-milimeters, with wall thicknesses up to 10mm.

“The new plant in Texas will be our first facility in the US. We are relying on Fives’ presence in the local market, its long-standing reputation as a supplier of reliable equipment, and their vast experience. We look forward to starting production in this new facility in 2025,” Hoon Park, CEO of Husteel, said in a statement.

The deal represents the largest fully integrated contract in Fives’ history, according to Jon Dunn, president and CEO of Fives Bronx, Fives’ subsidiary in the US and UK.

By Laura Miller, laura@steelmarketupdate.com

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities, as well as marketing for what was then known as ThyssenKrupp Steel USA (now AM/NS Calvert). After a five-year hiatus working across other industries, she returned to steel in 2021 and has covered the flat rolled, tubular, and trade areas of the industry. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania. She can be reached at laura@steelmarketupdate.com or 724-759-7869.

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