Formosa Ha Tinh Steel has been developing API pipe materials to enhance its price advantage in Southeast Asia. Currently, there is no sales plan for Taiwan.
Facing the opening of the Vietnamese market and the increasingly fierce market competition environment, Formosa Ha Tinh Steel tried to break through the predicament by developing new products, and API pipe material is one of them.
API pipe material has been put into trial production for several months, and the sales targets are mainly in Southeast Asia.
Ha Tinh Steel executives said that there is no local demand for API pipes in Vietnam. In the future, in addition to the Southeast Asian market, other regions will also be planned. It is the company's fixed plan to develop multiple steel grades.