In 2022, the demand for steel in South Korea was approximately 77 million metric tons. This was a decrease from the previous year. This was mainly due to a lack of demand from other industries apart from the shipbuilding industry.
How much steel is exported from South Korea?
South Korea’s exports of steel were higher than the amount of steel imported to the nation by a fair margin. Steel produced in South Korea was exported to various countries, with China being the major market for South Korean steel products. China was also a leading country of origin for steel imports to South Korea, with Japan being the only country that South Korea imported more steel from.
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Statistics Korea. (July 14, 2023). Volume of steel demand in South Korea from 2010 to 2022 (in million metric tons) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/268686/steel-demand-in-south-korea-since-2008/
Statistics Korea. "Volume of steel demand in South Korea from 2010 to 2022 (in million metric tons)." Chart. July 14, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/268686/steel-demand-in-south-korea-since-2008/
Statistics Korea. (2023). Volume of steel demand in South Korea from 2010 to 2022 (in million metric tons). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/268686/steel-demand-in-south-korea-since-2008/
Statistics Korea. "Volume of Steel Demand in South Korea from 2010 to 2022 (in Million Metric Tons)." Statista, Statista Inc., 14 Jul 2023, https://www.statista.com/statistics/268686/steel-demand-in-south-korea-since-2008/
Statistics Korea, Volume of steel demand in South Korea from 2010 to 2022 (in million metric tons) Statista, https://www.statista.com/statistics/268686/steel-demand-in-south-korea-since-2008/ (last visited August 24, 2024)
Volume of steel demand in South Korea from 2010 to 2022 (in million metric tons) [Graph], Statistics Korea, July 14, 2023. [Online]. Available: https://www.statista.com/statistics/268686/steel-demand-in-south-korea-since-2008/