Steel Production in South Korea decreased to 5940.66 Thousand Tonnes in August from 6040.85 Thousand Tonnes in July of 2019. Steel Production in South Korea averaged 3412.80 Thousand Tonnes from 1980 until 2019, reaching an all time high of 6405.68 Thousand Tonnes in March of 2014 and a record low of 650 Thousand Tonnes in February of 1980.
Steel Production in South Korea is expected to be 6130.00 Thousand Tonnes by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Steel Production in South Korea to stand at 6300.00 in 12 months time. In the long-term, the South Korea Steel Production is projected to trend around 6410.00 Thousand Tonnes in 2020, according to our econometric models.