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News Release

JFE Steel Corporation

JFE Steel Corporation Received Pipe Orders for SWQP Stage 3 Expansion Project

JFE Steel Corporation has been awarded a linepipe order for approximately 42KMT of API5L X70 ERW for the SWQP Stage 3 Expansion Project operated by Epic Energy in Australia.

The SWQP is a c. 935 kilometre pipeline from Wallumbilla in Queensland to Moomba in South Australia. Epic Energy's Stage 3 Expansion Project, involving the construction of a new pipeline adjacent to the existing SWQP, allows Epic Energy to more than double its gas transportation capacity on the SWQP, and meet increasing gas demand in southern states. The total linepipe order for the project is about 90KMT. JFE has received about 42KMT of linepipe order.

ERW linepipe for this project will be produced at the 26" medium-diameter ERW pipe mill at JFE's Chita Works. This mill has many advanced technological features, including full cage forming method, and is capable of producing the world largest outside diameter pipe of 660.4mm (26") with wall thickness of 25.4mm (1"). JFE has abundant experience in supplying high-grade ERW linepipe for numerous pipeline projects all over the world. We believe we received this order as a result of our proven capability to fulfill Epic Energy's requirements, as well as our plentiful supply records for similar line pipe projects.

JFE Steel will continue to develop high-quality steel pipe that is valued by its customers as it seeks to contribute to the development of global energy resources.

For more information about this release, please contact:

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