Steel is not a glamorous business. It does not make headlines. It does not trend. But when a pipeline holds pressure at 3,000 metres below sea level, when a boiler tube performs flawlessly inside a nuclear power station, when a gas network delivers energy to a city of five million people without interruption — there is seamless steel at the centre of it. And in many cases, that steel comes from Mito Metals.

I have spent over two decades in this industry, and I have never been more certain of one thing: the world does not need cheaper steel. It needs better steel. Steel made with discipline, with traceability, with a genuine understanding of where it goes and what it must do. That is the standard we hold ourselves to at Mito Metals, and it is a standard we will never lower.

2024 tested manufacturers across every sector. Energy markets shifted, supply chains were rerouted, and the pressure to cut costs in order to compete was felt by every producer in Asia. We chose a different path. We invested in our people, in our testing capabilities, and in the long-term partnerships that have defined this company since its founding. The trust of our clients is not something we take for granted — it is something we earn, every order, every inspection, every delivery.

As Chairman, my commitment to our shareholders, our clients, and our team remains unchanged — to build a company whose reputation outlasts any single year’s results. Mito Metals exists to make pipes that the world can rely on. That purpose has guided us through every challenge before, and it will guide us through every challenge ahead.