Steel in South Korea - Market Summary, Competitive Analysis and Forecast to 2025

Steel in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The steel market consists of the production of crude steel in the stated country or region.
The South Korean steel market had total revenues of $37.8bn in 2020, representing a compound annual growth rate (CAGR) of 5.4% between 2016 and 2020.
Market production volumes declined with a compound annual rate of change (CARC) of -0.5% between 2016 and 2020, to reach a total of 67.1 million tons in 2020.
Decline in 2020 was induced by the COVID-19 pandemic, which caused a significant downturn in many global markets.

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 by both value and volume

Reasons to Buy

What was the size of the South Korea steel market by value in 2020?
What will be the size of the South Korea steel market in 2025?
What factors are affecting the strength of competition in the South Korea steel market?
How has the market performed over the last five years?
Who are the top competitiors in South Korea's steel market?

Frequently Asked Questions about the Steel Market in South Korea

What is the estimated value of the Steel Market in South Korea?

The Steel Market in South Korea was estimated to be valued at $37.79 billion in 2020.

What is the growth rate of the Steel Market in South Korea?

The growth rate of the Steel Market in South Korea is 3.2%, with an estimated value of $44.33 billion by 2025.

What is the forecasted size of the Steel Market in South Korea?

The Steel Market in South Korea is estimated to be worth $44.33 billion by 2025.

Who are the key companies in the Steel Market in South Korea?

Key companies in the Steel Market in South Korea include POSCO, Hyundai Steel Co and Dongkuk Steel Mill Co Ltd.

Report Attribute	Details
No. of Pages	48
Published	January 2022
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 37.79 billion
Forecasted Market Value ( USD ) by 2025	$ 44.33 billion
Compound Annual Growth Rate	3.2%
Regions Covered	South Korea

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 share
1.7. Market rivalry
1.8. 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. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. How did the COVID-19 pandemic affect the industry?

8 Company Profiles

8.1. POSCO
8.2. Hyundai Steel Co
8.3. Dongkuk Steel Mill Co Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher

List of Tables

Table 1: South Korea steel market value: $ million, 2016-20
Table 2: South Korea steel market volume: thousand tons, 2016-20
Table 3: South Korea steel market geography segmentation: $ million, 2020
Table 4: South Korea steel market value forecast: $ million, 2020-25
Table 5: South Korea steel market volume forecast: thousand tons, 2020-25
Table 6: South Korea steel market share: % share, by volume, 2020
Table 7: POSCO: key facts
Table 8: POSCO: Annual Financial Ratios
Table 9: POSCO: Key Employees
Table 10: POSCO: Key Employees Continued
Table 11: POSCO: Key Employees Continued
Table 12: POSCO: Key Employees Continued
Table 13: Hyundai Steel Co: key facts
Table 14: Hyundai Steel Co: Annual Financial Ratios
Table 15: Hyundai Steel Co: Key Employees
Table 16: Dongkuk Steel Mill Co Ltd: key facts
Table 17: Dongkuk Steel Mill Co Ltd: Annual Financial Ratios
Table 18: Dongkuk Steel Mill Co Ltd: Key Employees
Table 19: South Korea size of population (million), 2016-20
Table 20: South Korea gdp (constant 2005 prices, $ billion), 2016-20
Table 21: South Korea gdp (current prices, $ billion), 2016-20
Table 22: South Korea inflation, 2016-20
Table 23: South Korea consumer price index (absolute), 2016-20
Table 24: South Korea exchange rate, 2016-20

List of Figures

Figure 1: South Korea steel market value: $ million, 2016-20
Figure 2: South Korea steel market volume: thousand tons, 2016-20
Figure 3: South Korea steel market geography segmentation: % share, by value, 2020
Figure 4: South Korea steel market value forecast: $ million, 2020-25
Figure 5: South Korea steel market volume forecast: thousand tons, 2020-25
Figure 6: Forces driving competition in the steel market in South Korea, 2020
Figure 7: Drivers of buyer power in the steel market in South Korea, 2020
Figure 8: Drivers of supplier power in the steel market in South Korea, 2020
Figure 9: Factors influencing the likelihood of new entrants in the steel market in South Korea, 2020
Figure 10: Factors influencing the threat of substitutes in the steel market in South Korea, 2020
Figure 11: Drivers of degree of rivalry in the steel market in South Korea, 2020
Figure 12: South Korea steel market share: % share, by volume, 2020