South Korea Steel Market Summary, Competitive Analysis and Forecast to 2026
Summary
Steel in South Korea industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-21, and forecast to 2026). 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 $61.8 billion in 2021, representing a compound annual growth rate (CAGR) of 14.4% between 2016 and 2021.
- Market consumption volume increased with a CAGR of 0.5% between 2016 and 2021, to reach a total of 70.4 million tons in 2021.
- In 2021, the South Korean market surged to strong growth and came out from continuous contraction in the last two years. This is attributed to increasing revenues from overseas projects, low interest rates, and growth in private residential constructions.
- 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
- What was the size of the South Korea steel market by value in 2021?
- What will be the size of the South Korea steel market in 2026?
- 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 competitors in South Korea's steel market?
- 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?
- 7.5. What is the rationale for recent M&A activity?
- 8 Company Profiles
- 8.1. POSCO Holdings Inc
- 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 MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: South Korea steel market value: $ million, 2016–21
- Table 2: South Korea steel market volume: million tons, 2016–21
- Table 3: South Korea steel market geography segmentation: $ million, 2021
- Table 4: South Korea steel market value forecast: $ million, 2021–26
- Table 5: South Korea steel market volume forecast: million tons, 2021–26
- Table 6: South Korea steel market share: % share, by volume, 2021
- Table 7: POSCO Holdings Inc: key facts
- Table 8: POSCO Holdings Inc: Annual Financial Ratios
- Table 9: POSCO Holdings Inc: Key Employees
- Table 10: POSCO Holdings Inc: Key Employees Continued
- Table 11: POSCO Holdings Inc: Key Employees Continued
- Table 12: POSCO Holdings Inc: 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: Dongkuk Steel Mill Co Ltd: Key Employees Continued
- Table 20: South Korea size of population (million), 2017–21
- Table 21: South Korea gdp (constant 2005 prices, $ billion), 2017–21
- Table 22: South Korea gdp (current prices, $ billion), 2017–21
- Table 23: South Korea inflation, 2017–21
- Table 24: South Korea consumer price index (absolute), 2017–21
- Table 25: South Korea exchange rate, 2017–21
- List of Figures
- Figure 1: South Korea steel market value: $ million, 2016–21
- Figure 2: South Korea steel market volume: million tons, 2016–21
- Figure 3: South Korea steel market geography segmentation: % share, by value, 2021
- Figure 4: South Korea steel market value forecast: $ million, 2021–26
- Figure 5: South Korea steel market volume forecast: million tons, 2021–26
- Figure 6: Forces driving competition in the steel market in South Korea, 2021
- Figure 7: Drivers of buyer power in the steel market in South Korea, 2021
- Figure 8: Drivers of supplier power in the steel market in South Korea, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the steel market in South Korea, 2021
- Figure 10: Factors influencing the threat of substitutes in the steel market in South Korea, 2021
- Figure 11: Drivers of degree of rivalry in the steel market in South Korea, 2021
- Figure 12: South Korea steel market share: % share, by volume, 2021
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