Press release
South Korea Steel Market to Grow at a CAGR of 7.45% during 2025-2033
South Korea Steel Market Report 2025
Market Statistics
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Growth Rate: 7.45% (2025-2033)
According to the latest report by IMARC Group, The South Korea steel market size is projected to exhibit a growth rate (CAGR) of 7.45% during 2025-2033.
Get Your Free Sample PDF Now: https://www.imarcgroup.com/south-korea-steel-market/requestsample
South Korea Steel Industry Trends and Drivers:
The South Korea steel market is primarily driven by strong demand from the construction, automotive and shipbuilding sectors. Urbanization and government led infrastructure initiatives (e.g. smart cities and transport infrastructure) are creating a deep need for structural and long steel products. The increase in the transition to electrification of cars (EVs) is resulting in a higher demand for light weight, high strength flat steel products that are used for battery casings and parts of car structures. New technologies such as electric arc furnaces (EAF) and green steel production offer potential solutions to support South Korea's sustainability agenda and lower carbon emissions. The heavy industry in the Yeongnam region and the automotive and shipbuilding sectors of Honam will be key contributors to steel republic's growth. However, challenges remain in South Korea, particularly with high raw material costs and potential disruptions from reliance on imported iron ore and coal.
With recent tariffs introduced in the U.S., including a 50% tariff on steel and potential costs to import from countries like Britain, these challenges pose further risks to exporters like POSCO and Hyundai steel. These tariffs may prompt South Korea to invest and build capital facilities for production in the U.S.A. There are opportunities for the steel SMEs in the region to embrace technologies associated with Industry 4.0 and expand their markets by establishing their presence in high value, specialty steel markets.
South Korea Steel Market Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest South Korea steel market share. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
Breakup by Type
• Flat Steel
• Long Steel
Breakup by Product
• Structural Steel
• Prestressing Steel
• Bright Steel
• Welding Wire and Rod
• Iron Steel Wire
• Ropes
• Braids
Breakup by Application
• Building and Construction
• Electrical Appliances
• Metal Products
• Automotive
• Transportation
• Mechanical Equipment
• Domestic Appliances
Breakup by Region
• Seoul Capital Area
• Yeongnam (Southeastern Region)
• Honam (Southwestern Region)
• Hoseo (Central Region)
• Others
Buy Report: https://www.imarcgroup.com/checkout?id=21194&method=1370
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant. Additionally, the report features detailed profiles of all major companies in the South Korea steel industry, including POSCO Holdings, Hyundai Steel, KOSTEEL Co., Ltd., and others.
Other Key Points Covered in the Report:
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Trending Reports By IMARC Group:
South Korea Tourism Market: https://www.imarcgroup.com/south-korea-tourism-market
South Korea Data Analytics Market: https://www.imarcgroup.com/south-korea-data-analytics-market
South Korea Apparel Market: https://www.imarcgroup.com/south-korea-apparel-market
South Korea Food and Beverage Market: https://www.imarcgroup.com/south-korea-food-beverage-market
South Korea Artificial Intelligence (AI) in Healthcare Market: https://www.imarcgroup.com/south-korea-artificial-intelligence-in-healthcare-market
South Korea Smart Grid Network Market: https://www.imarcgroup.com/south-korea-smart-grid-network-market
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release South Korea Steel Market to Grow at a CAGR of 7.45% during 2025-2033 here
News-ID: 4046583 • Views: …
More Releases from IMARC Group
LED Light Bulb Manufacturing Plant Cost and Requirements Report to Setting up an …
LED (Light Emitting Diode) light bulbs are energy-efficient lighting solutions that use semiconductor technology to produce bright, long-lasting illumination with minimal energy consumption. They are widely used in residential, commercial, and industrial settings due to their low power usage, durability, and eco-friendly features, making them a preferred alternative to traditional incandescent and fluorescent bulbs.
To set up an LED light bulb plant, procure high-quality LED chips, drivers, heat sinks, and casings.…
Automotive Cleaning Wipes Manufacturing Plant Report 2025: Investment Opportunit …
Automotive cleaning wipes are pre-moistened, disposable wipes designed for quick and convenient cleaning of vehicles. They remove dirt, dust, grease, and grime from interiors and exteriors without the need for water or additional cleaning agents. These wipes are formulated to be gentle on surfaces while providing effective cleaning, making them popular among car owners, detailing services, and automotive workshops.
Setting up an automotive cleaning wipes plant involves sourcing high-quality non-woven fabrics,…
High-Temperature Silicone Rubber Manufacturing Plant Setup 2025: Machinery Requi …
High-temperature silicone rubber is a specialized elastomer designed to withstand extreme heat, chemical exposure, and UV radiation without losing its elasticity or mechanical properties. It is widely used in automotive gaskets, electrical insulation, industrial seals, cookware, and aerospace components due to its excellent thermal stability, flexibility, and resistance to aging and oxidation.
To set up a high-temperature silicone rubber plant, source high-quality silicone polymers, fillers, and curing agents. Invest in mixers,…
Philippines Eyewear Market Worth USD 5,706.43 Million From 2025-2033
The latest report by Horizon Databook, "Philippines Eyewear Market Size, Share, Trends and Forecast by Product, Gender, Distribution Channel, and Region, 2025-2033," provides an in-depth analysis of the Philippines eyewear market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. The Philippines eyewear market size reached USD 3,392.00 Million in 2024 and is projected to grow to USD 5,706.43 Million by 2030,…
More Releases for South
South Florida's Continuum South Beach Emerges as One of the Most Coveted Propert …
The Continuum South Beach reigns supreme as a highly coveted condominium in South Florida, presenting an array of offerings that ensure an elevated quality of life.
Miami beach, FL - Continuum South Beach [https://www.continuuminsouthbeach.com/] presents a sanctuary of lavishness, featuring opulent apartments and a breathtaking riverfront location in close proximity to the finest attractions of Miami Beach. These extraordinary residences are discreetly nestled within this prestigious condominium, specifically within the Continuum…
Green Cool UK Expand Air Conditioning Services in South Wales and the South West
Cardiff, South Wales - Green Cool UK, the UK's leading air conditioning and refrigeration company, are pleased to announce the extension of their services in South Wales, including Cardiff, Swansea, Newport and into Bristol and the South West. With over 18 years experience in the HVAC industry Green Cool UK supply high performance air conditioning systems and green energy solutions for domestic and commercial customers.
As air conditioning and refrigeration experts…
2024 South Africa International Industrial Exhibition and China (South Africa) I …
Exhibition time: September 19-21, 2024
Exhibition location: Sandton Convention Centre, Johannesburg
Organizer: South Africa Golden Bridge International Exhibition Company
Exhibition introduction
The South African International Industrial Exhibition [https://www.vovt-diesel.com/] and China (South Africa) International Trade Fair is a large-scale international exhibition held to promote Chinese enterprises to explore the African market. Relying on the advantageous resources of the local government, business associations and industry organizations in South Africa, it builds a pragmatic and efficient platform…
Stem Cell Therapy Market | Smith+Nephew (UK), MEDIPOST Co., Ltd. (South Korea), …
Stem Cell Therapy Market in terms of revenue was estimated to be worth $286 million in 2023 and is poised to reach $615 million by 2028, growing at a CAGR of 16.5% from 2023 to 2028 according to a new report by MarketsandMarkets. The global stem cell therapy market is expected to grow at a CAGR of 16.8% during the forecast period. The major factors driving the growth of the…
Global Pajamas Market Report - Japan, Europe, South Korea, Asia and America ( No …
Recently we published the latest report on the Pajamas market. The report on the Pajamas market provides a holistic analysis, of market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 15 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The Pajamas market analysis includes product segment and geographic landscape.
The…
South Africa Agriculture Market, South Africa Agriculture Industry, South Africa …
The South Africa has a market-oriented agricultural economy, which is much diversified and includes the production of all the key grains (except rice), deciduous, oilseeds, and subtropical fruits, sugar, wine, citrus, and most vegetables. Livestock production includes sheep, cattle, dairy, and a well-developed poultry & egg industry. Value-added activities in the agriculture sector include processing & preserving of fruit and vegetables, crushing of oilseeds, chocolate, slaughtering, processing & preserving of…
