5 Largest Pig Iron Producing Countries

In this article, we are going to discuss 5 largest pig iron producing countries. If you want to check out our detailed analysis of the manufacturing of pig iron, the impacts Covid-19 and the Russia-Ukraine war on the global pig iron supply chains and current market trends, head to 16 Largest Pig Iron Producing Countries.

5. Republic of Korea

Production of Pig Iron in 2022: 45 million metric tons

Despite being the fifth-largest producer of pig iron in the world, the Republic of Korea is a net importer of the metal, with $93.5 million worth of total import in 2021, mainly from Russia. According to OEC, the country exported $1.36 million of pig iron in March 2023 and imports in the same time stood at $9 million, revealing a negative trade balance of $7.64 million. With a market cap of $21.07 billion, POSCO Holdings Inc. (NYSE:PKX) is an important player in the South Korean iron and steel market.