What the company does
Nexteel makes steel pipes, hollow tubes used to drill for oil and gas underground, to transport petroleum and gas along pipelines, and to carry water and steam in industrial systems.
Its pipes also go into shipbuilding, construction, and machinery. Listed on KOSPI, Korea's main stock exchange, the company exports the bulk of its output, chiefly oil-country tubular goods and line pipe certified to American Petroleum Institute standards, to the United States and other global markets. Its core raw material is hot-rolled coil steel, which it processes into finished pipe.
Summary is AI-generated and may contain errors · figures from DART filings
Financials
Source: DART · FY ending Dec · latest FY2025Revenue
- FY2023US$448.6M
- FY2024US$400.3M
- FY2025US$399.3M
Operating profit
- FY2023US$114M
- FY2024US$45.8M
- FY2025US$28.9M
Net income
- FY2023US$93.9M
- FY2024US$25.1M
- FY2025US$26.1M
Key ratios (FY2025)
Why it matters · Context, not a recommendation
Nexteel has completed investment in large-diameter electric-resistance-welded pipe equipment, the widest-diameter capacity of this pipe type in Asia, and is expanding into stainless steel pipe and wind-energy pipe products.
Filings
All disclosures · English when translatedPrice charts coming soon
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