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View PricingThe South Korean market for slabs, billets and blooms of iron and steel was estimated at $X in 2024, standing approx. at the previous year. Over the period under review, the total consumption indicated a modest increase from 2012 to 2024: its value increased at an average annual rate of X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by X% against 2022 indices. Over the period under review, the market reached the maximum level at $X in 2022; however, from 2023 to 2024, consumption remained at a lower figure.
In value terms, production of slabs, billets and blooms of iron and steel declined to $X in 2024 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2024: its value increased at an average annual rate of X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by X% against 2022 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Production of peaked at $X in 2022; however, from 2023 to 2024, production failed to regain momentum.
In 2024, overseas shipments of slabs, billets and blooms of iron and steel decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2024, the growth of the exports of failed to regain momentum.
In value terms, exports of slabs, billets and blooms of iron and steel reduced remarkably to $X in 2024. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2022; however, from 2023 to 2024, the exports failed to regain momentum.
China (X tons), Japan (X tons) and Mexico (X tons) were the main destinations of exports of slabs, billets and blooms of iron and steel from South Korea, together accounting for X% of total exports.
From 2012 to 2024, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for slabs, billets and blooms of iron and steel exported from South Korea were Japan ($X), China ($X) and Mexico ($X), together accounting for X% of total exports.
Among the main countries of destination, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
In 2024, the average export price for slabs, billets and blooms of iron and steel amounted to $X per ton, dropping by X% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2024: its price increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2023, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.
In 2024, approx. X tons of slabs, billets and blooms of iron and steel were imported into South Korea; picking up by X% on 2023. Over the period under review, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X tons in 2016; however, from 2017 to 2024, imports failed to regain momentum.
In value terms, imports of slabs, billets and blooms of iron and steel soared to $X in 2024. In general, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2024, imports failed to regain momentum.
In 2024, Japan (X tons) constituted the largest supplier of slabs, billets and blooms of iron and steel to South Korea, accounting for a X% share of total imports. Moreover, imports of slabs, billets and blooms of iron and steel from Japan exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold. Indonesia (X tons) ranked third in terms of total imports with a X% share.
From 2012 to 2024, the average annual rate of growth in terms of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Indonesia (X% per year).
In value terms, Japan ($X) constituted the largest supplier of slabs, billets and blooms of iron and steel to South Korea, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by Brazil, with an X% share.
From 2012 to 2024, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Brazil (X% per year).
The average import price for slabs, billets and blooms of iron and steel stood at $X per ton in 2024, with an increase of X% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2024: its price increased at an average annual rate of X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, import price for slabs, billets and blooms of iron and steel decreased by X% against 2022 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.
From 2012 to 2024, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides a comprehensive view of the slabs, billets and blooms of iron and steel industry in South Korea, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the slabs, billets and blooms of iron and steel landscape in South Korea.
The report combines market sizing with trade intelligence and price analytics for South Korea. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for South Korea. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
The forecast horizon extends to 2035 and is based on a structured model that links slabs, billets and blooms of iron and steel demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in South Korea.
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of slabs, billets and blooms of iron and steel dynamics in South Korea.
The market size aggregates consumption and trade data, presented in both value and volume terms.
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
The report benchmarks market size, trade balance, prices, and per-capita indicators for South Korea.
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
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Charts mirror the report figures on the platform. Values are synthetic for demo use.
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