Steam Cost in South Korea
The chart above illustrates Steam cost assessments, in US Dollar per metric ton (USD/mt), from May 2022 through May 2023, as described below:
- Steam, MP, cash cost, on-site: Steam, Medium Pressure, South Korea, cash cost, formula, on-site (typical consumer facility)
- Steam, MP, contract price, exw: Steam, Medium Pressure, South Korea, contract price, exw, formula
- Steam, HP, cash cost, on-site: Steam, High Pressure, South Korea, cash cost, formula, on-site (typical consumer facility)
- Steam, HP, contract price, exw: Steam, High Pressure, South Korea, contract price, exw, formula
- Steam, LP, cash cost, on-site: Steam, Low Pressure, South Korea, cash cost, formula, on-site (typical consumer facility)
- Steam, LP, contract price, exw: Steam, Low Pressure, South Korea, contract price, exw, formula
- Steam, LP, cash cost, off-site: Steam, Low Pressure, South Korea, cash cost, formula, off-site (large supplier)
- Steam, HP, cash cost, off-site: Steam, High Pressure, South Korea, cash cost, formula, off-site (large supplier)
- Steam, MP, cash cost, off-site: Steam, Medium Pressure, South Korea, cash cost, formula, off-site (large supplier)
Medium Pressure Steam cash cost at consumer facility in South Korea reached 27.80 USD per metric ton in May 2023, representing a decline of 3.10% from April 2023. Comparing the May 2023 valuation to May 2022, Medium Pressure Steam costs have decreased by 26% over the twelve-month period. Medium Pressure Steam contract price for ex-works delivery in South Korea was assessed at 25.60 USD per metric ton in May 2023, down 2.29% from the previous month. The year-over-year comparison shows Medium Pressure Steam prices have fallen 27% since May 2022. High Pressure Steam cash cost at consumer facility in South Korea was valued at 30.10 USD per metric ton in May 2023, marking a 2.24% decrease from April 2023. Over the past year, High Pressure Steam costs in South Korea have declined by 26% compared to May 2022. High Pressure Steam contract price for ex-works delivery in South Korea stood at 27.90 USD per metric ton in May 2023, reflecting a 1.75% reduction from April 2023. Year-over-year, High Pressure Steam prices have decreased by 27% since May 2022.
The figures shown are illustrative and represent a historical sample from Intratec Industry Economics & Competitiveness. For up-to-date monthly competitiveness benchmarks and industrial cost data across 33 countries, subscribe to Intratec Industry Economics & Competitiveness.
Other Utility Costs
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About Steam
Steam is a versatile utility widely used in process industries for heating, power generation, and driving mechanical equipment. It serves as a key energy source, transferring heat to various processes and driving turbines and compressors.