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Chinese steel plate market keeps strong growth
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It is reported that Chinese steel plate market has continued to see strong growth momentum so far this year, bolstered by robust demand from down stream sectors like shipbuilding, machinery, automobiles etc. The price increase has far exceeded the output growth rate.
The shipbuilding industry has recorded the contracting order hit over 100 million DWT till the first half of this year, with order handing nearly close to 200 million DWT, almost eight times of the sector's current capacity. According to the industrial plan,China
As a result, domestic ship plate output continues to roar up month by month this year up by 125.7% YoY to 8.41 million tonnes in the first five months up by 39 percentage points from the end of last year. Ship plate has nearly occupied half of medium plate rolling mill since the start of this year. Meanwhile, machinery sector has also posted high growth rate, with the gross industrial output value in the sector up by 29.2% YoY to CNY 3534.7billion in the first five months. Of this, engineering machinery sector has registered the fastest growth of 46.24%, while heavy mining machinery, machine tool and machine components all have risen over 35% from the year before.
Domestic steel output growth has moderated this year due to spiking input costs and stricter environmental protection regulations. Likewise, domestic steel plate production increases 22.5% YoY to 30.55 million tonnes in the first six months of this year down by 20.7 percentage points from same period of last year. And extra thick plate output growth has dropped to 6% from last year's 17.3%, thick plate down from 35.1% to 26.5%, and medium plate down from 44.8% to 23.1%.
The daily steel plate production has held steady at some 170,000 tonnes during March to June indicating limited output addition in recent months.
Please send us your needs, and we will reply to you within one business day, thanks!
The shipbuilding industry has recorded the contracting order hit over 100 million DWT till the first half of this year, with order handing nearly close to 200 million DWT, almost eight times of the sector's current capacity. According to the industrial plan,
As a result, domestic ship plate output continues to roar up month by month this year up by 125.7% YoY to 8.41 million tonnes in the first five months up by 39 percentage points from the end of last year. Ship plate has nearly occupied half of medium plate rolling mill since the start of this year. Meanwhile, machinery sector has also posted high growth rate, with the gross industrial output value in the sector up by 29.2% YoY to CNY 3534.7billion in the first five months. Of this, engineering machinery sector has registered the fastest growth of 46.24%, while heavy mining machinery, machine tool and machine components all have risen over 35% from the year before.
Domestic steel output growth has moderated this year due to spiking input costs and stricter environmental protection regulations. Likewise, domestic steel plate production increases 22.5% YoY to 30.55 million tonnes in the first six months of this year down by 20.7 percentage points from same period of last year. And extra thick plate output growth has dropped to 6% from last year's 17.3%, thick plate down from 35.1% to 26.5%, and medium plate down from 44.8% to 23.1%.
The daily steel plate production has held steady at some 170,000 tonnes during March to June indicating limited output addition in recent months.
Please send us your needs, and we will reply to you within one business day, thanks!
