SeAH Besteel Partners with Canada's BWXT to Expand Nuclear Equipment Business

Exploring cooperation on supplying nuclear-grade forgings and high-value components
Targeting the large reactor and small modular reactor markets
Diversifying beyond spent nuclear fuel storage containers

SeAH Besteel announced on October 15 that it had signed a memorandum of understanding (MOU) with Canadian nuclear power company BWXT Canada to cooperate in the manufacture of nuclear power equipment.

SeAH Besteel CI.

The agreement was drawn up in response to rising demand for equipment amid new nuclear power plant construction worldwide and the extension of the operating lives of existing plants. The two companies plan to explore ways to cooperate on supplying nuclear-grade forgings and high-value-added components.

BWXT Canada is a nuclear power equipment manufacturer with more than 70 years of experience. It provides nuclear equipment manufacturing and engineering services in global markets, including North America, and has supplied more than 325 steam generators and major reactor components to date.

SeAH Besteel has built up experience in the spent nuclear fuel transportation and storage container (CASK) business. In January 2025, it became the first Korean company to supply eight spent nuclear fuel transportation and storage containers to the North American market. In November 2025, it completed delivery of four spent nuclear fuel transportation containers ordered by Korea Hydro & Nuclear Power.

Through this cooperation, SeAH Besteel plans to expand beyond its existing focus on spent nuclear fuel transportation and storage containers into manufacturing key components for small modular reactors (SMRs) and large reactors.

A SeAH Besteel representative said, "This MOU will be an important milestone in strengthening our growth momentum in the global nuclear power manufacturing market. We will strengthen our global presence as a comprehensive nuclear power solutions provider, covering everything from specialty steel materials to large reactor components."

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