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 for on-site generation in South Korea reached 27.80 USD per metric ton in May 2023, representing a decrease of 3.27% from April 2023. Looking at the broader trend, the cash cost of Medium Pressure Steam for on-site use in South Korea has declined by 25% over the twelve-month period from May 2022 to May 2023. Medium Pressure Steam contract price on an ex-works basis in South Korea was assessed at 25.60 USD per metric ton in May 2023, down 2.29% compared to the previous month. Throughout the past year, the contract pricing for Medium Pressure Steam on an ex-works basis in South Korea has experienced a cumulative decline of 26%. High Pressure Steam cash cost for on-site generation in South Korea was valued at 30.10 USD per metric ton in May 2023, showing a monthly decrease of 2.24% from April 2023. Over the past twelve months, High Pressure Steam on-site cash costs in South Korea have fallen by 25% in total. High Pressure Steam contract price on an ex-works basis in South Korea stood at 27.90 USD per metric ton in May 2023, reflecting a 1.75% decline from April 2023. The ex-works contract price for High Pressure Steam in South Korea has decreased by 26% cumulatively over the last year.
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.
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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.