South Korea Steel Market

ID: MRFR/CnM/42489-HCR
111 Pages
Chitranshi Jaiswal
Last Updated: April 06, 2026
South Korea Steel Market Research Report By Steel Type Outlook (Flat Long By Steel Product Outlook (Structural Steel Prestressing Steel) and By Steel Application Outlook (Building Construction Automotive Electrical Appliance)-Forecast to 2035
South Korea Steel Market
Market Size
Forecast Period2025 - 2035
CAGR (2025 - 2035)3.31%
2024 Market Size$ 63.93 Billion
2025 Market Size$ 66.05 Billion
2035 Market Size$ 91.5 Billion
Key Players
ArcelorMittal
China Baowu Steel Group
Nippon Steel Corporation
POSCO
JFE Steel Corporation
Tata Steel Limited
Trends
  • Sustainability Initiatives
  • Technological Advancements
  • Infrastructure Development
Opportunities
  • Rising Demand from Construction Sector
  • Export Opportunities in Emerging Markets
  • Government Policies Supporting Steel Industry
Summary Table of Contents Segmentation Download PDF
  1. 1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
    1. 1.1 EXECUTIVE SUMMARY
      1. 1.1.1 Market Overview
      2. 1.1.2 Key Findings
      3. 1.1.3 Market Segmentation
      4. 1.1.4 Competitive Landscape
      5. 1.1.5 Challenges and Opportunities
      6. 1.1.6 Future Outlook
  2. 2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
    1. 2.1 MARKET INTRODUCTION
      1. 2.1.1 Definition
      2. 2.1.2 Scope of the study
        1. 2.1.2.1 Research Objective
        2. 2.1.2.2 Assumption
        3. 2.1.2.3 Limitations
    2. 2.2 RESEARCH METHODOLOGY
      1. 2.2.1 Overview
      2. 2.2.2 Data Mining
      3. 2.2.3 Secondary Research
      4. 2.2.4 Primary Research
        1. 2.2.4.1 Primary Interviews and Information Gathering Process
        2. 2.2.4.2 Breakdown of Primary Respondents
      5. 2.2.5 Forecasting Model
      6. 2.2.6 Market Size Estimation
        1. 2.2.6.1 Bottom-Up Approach
        2. 2.2.6.2 Top-Down Approach
      7. 2.2.7 Data Triangulation
      8. 2.2.8 Validation
  3. 3 SECTION III: QUALITATIVE ANALYSIS
    1. 3.1 MARKET DYNAMICS
      1. 3.1.1 Overview
      2. 3.1.2 Drivers
      3. 3.1.3 Restraints
      4. 3.1.4 Opportunities
    2. 3.2 MARKET FACTOR ANALYSIS
      1. 3.2.1 Value chain Analysis
      2. 3.2.2 Porter's Five Forces Analysis
        1. 3.2.2.1 Bargaining Power of Suppliers
        2. 3.2.2.2 Bargaining Power of Buyers
        3. 3.2.2.3 Threat of New Entrants
        4. 3.2.2.4 Threat of Substitutes
        5. 3.2.2.5 Intensity of Rivalry
      3. 3.2.3 COVID-19 Impact Analysis
        1. 3.2.3.1 Market Impact Analysis
        2. 3.2.3.2 Regional Impact
        3. 3.2.3.3 Opportunity and Threat Analysis
  4. 4 SECTION IV: QUANTITATIVE ANALYSIS
    1. 4.1 Industrial Automation & Equipment, BY End Use (USD Billion)
      1. 4.1.1 Construction
      2. 4.1.2 Automotive
      3. 4.1.3 Aerospace
      4. 4.1.4 Shipbuilding
      5. 4.1.5 Consumer Goods
    2. 4.2 Industrial Automation & Equipment, BY Product Type (USD Billion)
      1. 4.2.1 Flat Steel
      2. 4.2.2 Long Steel
      3. 4.2.3 Metallic Coated Steel
      4. 4.2.4 Pre-Engineered Steel
      5. 4.2.5 Alloy Steel
    3. 4.3 Industrial Automation & Equipment, BY Manufacturing Process (USD Billion)
      1. 4.3.1 Basic Oxygen Steelmaking
      2. 4.3.2 Electric Arc Furnace
      3. 4.3.3 Open Hearth Furnace
      4. 4.3.4 Ladle Refining Furnace
      5. 4.3.5 Continuous Casting
    4. 4.4 Industrial Automation & Equipment, BY Application (USD Billion)
      1. 4.4.1 Infrastructure
      2. 4.4.2 Industrial
      3. 4.4.3 Transport
      4. 4.4.4 Packaging
      5. 4.4.5 Energy
  5. 5 SECTION V: COMPETITIVE ANALYSIS
    1. 5.1 Competitive Landscape
      1. 5.1.1 Overview
      2. 5.1.2 Competitive Analysis
      3. 5.1.3 Market share Analysis
      4. 5.1.4 Major Growth Strategy in the Industrial Automation & Equipment
      5. 5.1.5 Competitive Benchmarking
      6. 5.1.6 Leading Players in Terms of Number of Developments in the Industrial Automation & Equipment
      7. 5.1.7 Key developments and growth strategies
        1. 5.1.7.1 New Product Launch/Service Deployment
        2. 5.1.7.2 Merger & Acquisitions
        3. 5.1.7.3 Joint Ventures
      8. 5.1.8 Major Players Financial Matrix
        1. 5.1.8.1 Sales and Operating Income
        2. 5.1.8.2 Major Players R&D Expenditure. 2023
    2. 5.2 Company Profiles
      1. 5.2.1 ArcelorMittal (LU)
        1. 5.2.1.1 Financial Overview
        2. 5.2.1.2 Products Offered
        3. 5.2.1.3 Key Developments
        4. 5.2.1.4 SWOT Analysis
        5. 5.2.1.5 Key Strategies
      2. 5.2.2 China Baowu Steel Group (CN)
        1. 5.2.2.1 Financial Overview
        2. 5.2.2.2 Products Offered
        3. 5.2.2.3 Key Developments
        4. 5.2.2.4 SWOT Analysis
        5. 5.2.2.5 Key Strategies
      3. 5.2.3 Nippon Steel Corporation (JP)
        1. 5.2.3.1 Financial Overview
        2. 5.2.3.2 Products Offered
        3. 5.2.3.3 Key Developments
        4. 5.2.3.4 SWOT Analysis
        5. 5.2.3.5 Key Strategies
      4. 5.2.4 POSCO (KR)
        1. 5.2.4.1 Financial Overview
        2. 5.2.4.2 Products Offered
        3. 5.2.4.3 Key Developments
        4. 5.2.4.4 SWOT Analysis
        5. 5.2.4.5 Key Strategies
      5. 5.2.5 JFE Steel Corporation (JP)
        1. 5.2.5.1 Financial Overview
        2. 5.2.5.2 Products Offered
        3. 5.2.5.3 Key Developments
        4. 5.2.5.4 SWOT Analysis
        5. 5.2.5.5 Key Strategies
      6. 5.2.6 Tata Steel Limited (IN)
        1. 5.2.6.1 Financial Overview
        2. 5.2.6.2 Products Offered
        3. 5.2.6.3 Key Developments
        4. 5.2.6.4 SWOT Analysis
        5. 5.2.6.5 Key Strategies
      7. 5.2.7 Thyssenkrupp AG (DE)
        1. 5.2.7.1 Financial Overview
        2. 5.2.7.2 Products Offered
        3. 5.2.7.3 Key Developments
        4. 5.2.7.4 SWOT Analysis
        5. 5.2.7.5 Key Strategies
      8. 5.2.8 United States Steel Corporation (US)
        1. 5.2.8.1 Financial Overview
        2. 5.2.8.2 Products Offered
        3. 5.2.8.3 Key Developments
        4. 5.2.8.4 SWOT Analysis
        5. 5.2.8.5 Key Strategies
      9. 5.2.9 Steel Authority of India Limited (IN)
        1. 5.2.9.1 Financial Overview
        2. 5.2.9.2 Products Offered
        3. 5.2.9.3 Key Developments
        4. 5.2.9.4 SWOT Analysis
        5. 5.2.9.5 Key Strategies
    3. 5.3 Appendix
      1. 5.3.1 References
      2. 5.3.2 Related Reports
  6. 6 LIST OF FIGURES
    1. 6.1 MARKET SYNOPSIS
    2. 6.2 SOUTH KOREA MARKET ANALYSIS BY END USE
    3. 6.3 SOUTH KOREA MARKET ANALYSIS BY PRODUCT TYPE
    4. 6.4 SOUTH KOREA MARKET ANALYSIS BY MANUFACTURING PROCESS
    5. 6.5 SOUTH KOREA MARKET ANALYSIS BY APPLICATION
    6. 6.6 KEY BUYING CRITERIA OF INDUSTRIAL AUTOMATION & EQUIPMENT
    7. 6.7 RESEARCH PROCESS OF MRFR
    8. 6.8 DRO ANALYSIS OF INDUSTRIAL AUTOMATION & EQUIPMENT
    9. 6.9 DRIVERS IMPACT ANALYSIS: INDUSTRIAL AUTOMATION & EQUIPMENT
    10. 6.10 RESTRAINTS IMPACT ANALYSIS: INDUSTRIAL AUTOMATION & EQUIPMENT
    11. 6.11 SUPPLY / VALUE CHAIN: INDUSTRIAL AUTOMATION & EQUIPMENT
    12. 6.12 INDUSTRIAL AUTOMATION & EQUIPMENT, BY END USE, 2024 (% SHARE)
    13. 6.13 INDUSTRIAL AUTOMATION & EQUIPMENT, BY END USE, 2024 TO 2035 (USD Billion)
    14. 6.14 INDUSTRIAL AUTOMATION & EQUIPMENT, BY END USE, 2024 TO 2035 (Kilo Tons)
    15. 6.15 INDUSTRIAL AUTOMATION & EQUIPMENT, BY PRODUCT TYPE, 2024 (% SHARE)
    16. 6.16 INDUSTRIAL AUTOMATION & EQUIPMENT, BY PRODUCT TYPE, 2024 TO 2035 (USD Billion)
    17. 6.17 INDUSTRIAL AUTOMATION & EQUIPMENT, BY PRODUCT TYPE, 2024 TO 2035 (Kilo Tons)
    18. 6.18 INDUSTRIAL AUTOMATION & EQUIPMENT, BY MANUFACTURING PROCESS, 2024 (% SHARE)
    19. 6.19 INDUSTRIAL AUTOMATION & EQUIPMENT, BY MANUFACTURING PROCESS, 2024 TO 2035 (USD Billion)
    20. 6.20 INDUSTRIAL AUTOMATION & EQUIPMENT, BY MANUFACTURING PROCESS, 2024 TO 2035 (Kilo Tons)
    21. 6.21 INDUSTRIAL AUTOMATION & EQUIPMENT, BY APPLICATION, 2024 (% SHARE)
    22. 6.22 INDUSTRIAL AUTOMATION & EQUIPMENT, BY APPLICATION, 2024 TO 2035 (USD Billion)
    23. 6.23 INDUSTRIAL AUTOMATION & EQUIPMENT, BY APPLICATION, 2024 TO 2035 (Kilo Tons)
    24. 6.24 BENCHMARKING OF MAJOR COMPETITORS
  7. 7 LIST OF TABLES
    1. 7.1 LIST OF ASSUMPTIONS
  8. 7.1.1
    1. 7.2 South Korea MARKET SIZE ESTIMATES; FORECAST
      1. 7.2.1 BY END USE, 2025-2035 (USD Billion)
      2. 7.2.2 BY END USE, 2025-2035 (Kilo Tons)
      3. 7.2.3 BY PRODUCT TYPE, 2025-2035 (USD Billion)
      4. 7.2.4 BY PRODUCT TYPE, 2025-2035 (Kilo Tons)
      5. 7.2.5 BY MANUFACTURING PROCESS, 2025-2035 (USD Billion)
      6. 7.2.6 BY MANUFACTURING PROCESS, 2025-2035 (Kilo Tons)
      7. 7.2.7 BY APPLICATION, 2025-2035 (USD Billion)
      8. 7.2.8 BY APPLICATION, 2025-2035 (Kilo Tons)
    2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
  9. 7.3.1
    1. 7.4 ACQUISITION/PARTNERSHIP
  10. 7.4.1

South Korea South Korea Steel Market Segmentation

South Korea Steel Market By End Use (USD Billion, 2025-2035)

  • Construction
  • Automotive
  • Aerospace
  • Shipbuilding
  • Consumer Goods

South Korea Steel Market By Product Type (USD Billion, 2025-2035)

  • Flat Steel
  • Long Steel
  • Metallic Coated Steel
  • Pre-Engineered Steel
  • Alloy Steel

South Korea Steel Market By Manufacturing Process (USD Billion, 2025-2035)

  • Basic Oxygen Steelmaking
  • Electric Arc Furnace
  • Open Hearth Furnace
  • Ladle Refining Furnace
  • Continuous Casting

South Korea Steel Market By Application (USD Billion, 2025-2035)

  • Infrastructure
  • Industrial
  • Transport
  • Packaging
  • Energy

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