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Steel in South Korea

Publisher MarketLine
Published Jul 31, 2025
Length 43 Pages
SKU # MTLN20472860

Description

Steel in South Korea

Summary

Steel in South Korea industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Steel market includes the production of crude steel in the stated country or region. Crude steel production refers to the production of the first solid steel products upon solidification of liquid steel. It includes ingots (in conventional mills) and semis (in modern mills with continuous casting facilities). Crude steel also includes liquid steel, which goes into the production of steel castings.
  • The South Korean steel market recorded revenues of $50.9 billion in 2024, representing a compound annual growth rate (CAGR) of 3.1% between 2019 and 2024.
  • Market production volumes declined with a negative CAGR of 2.3% between 2019 and 2024, reaching a total of 63.6 million tonnes in 2024.
  • South Korea captured a share of 4.8% of the Asia-Pacific steel market in 2024.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the steel market in South Korea
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the steel market in South Korea
  • Leading company profiles reveal details of key steel market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South Korea steel market with five year forecasts
Reasons to Buy
  • What was the size of the South Korea steel market by value in 2024?
  • What will be the size of the South Korea steel market in 2029?
  • What factors are affecting the strength of competition in the South Korea steel market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South Korea's steel market?

Table of Contents

43 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What strategies do the leading players follow?
7.3. What are the most recent market developments?
8 Company Profiles
8.1. Dongkuk Steel Mill Co Ltd
8.2. Hyundai Steel Co
8.3. POSCO Holdings Inc
8.4. KG Dongbu Steel Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: South Korea steel market value: $ million, 2019-24
Table 2: South Korea steel market volume: thousand tonnes, 2019-24
Table 3: South Korea steel market geography segmentation: $ million, 2024
Table 4: South Korea steel market value forecast: $ million, 2024-29
Table 5: South Korea steel market volume forecast: thousand tonnes, 2024-29
Table 6: Dongkuk Steel Mill Co Ltd: Key Facts
Table 7: Hyundai Steel Co: Key Facts
Table 8: Hyundai Steel Co: Annual Financial Ratios
Table 9: Hyundai Steel Co: Key Employees
Table 10: POSCO Holdings Inc: Key Facts
Table 11: POSCO Holdings Inc: Annual Financial Ratios
Table 12: POSCO Holdings Inc: Key Employees
Table 13: POSCO Holdings Inc: Key Employees Continued
Table 14: KG Dongbu Steel Co Ltd: Key Facts
Table 15: KG Dongbu Steel Co Ltd: Annual Financial Ratios
Table 16: KG Dongbu Steel Co Ltd: Key Employees
Table 17: South Korea Exchange Rate, 2019-24
List of Figures
Figure 1: South Korea steel market value: $ million, 2019-24
Figure 2: South Korea steel market volume: thousand tonnes, 2019-24
Figure 3: South Korea steel market geography segmentation: % share, by value, 2024
Figure 4: South Korea steel market value forecast: $ million, 2024-29
Figure 5: South Korea steel market volume forecast: thousand tonnes, 2024-29
Figure 6: Forces driving competition in the steel market in South Korea, 2024
Figure 7: Drivers of buyer power in the steel market in South Korea, 2024
Figure 8: Drivers of supplier power in the steel market in South Korea, 2024
Figure 9: Factors influencing the likelihood of new entrants in the steel market in South Korea, 2024
Figure 10: Factors influencing the threat of substitutes in the steel market in South Korea, 2024
Figure 11: Drivers of degree of rivalry in the steel market in South Korea, 2024

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