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Tan Naifen: Shipbuilding Industry Recovery and Steel Demand in 2019

https://en.steelhome.com [SteelHome] 2019-04-22 11:49:27

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15th Steel Development Strategy Conference, host by SteelHome, was successfully held in International Convention Center during April 12-14, 2019. Around 1000 delegates from governments, associations, steel mills, miners, traders, research institutes attended the one of biggest events in China steel industry.

8th International Raw Materials Supply Chain Summit, 9th Coal & Coke Development Strategy Conference, 7th China Commodities E-Commerce Summit and 2019 SteelHome Spring Report were simultaneously held.

On the morning of April 14, Tan Naifen, Vice Secretary General of China Association of National Shipbuilding Industry, made a report on Shipbuilding Industry Recovery and Steel Demand in 2019 at the summit forum of New Trends & New Changes of Downstream Industry. 

 

Tan Naifen, Vice Secretary General, China Association of National Shipbuilding Industry

I Current Situation of China's Shipbuilding Industry

1. Two indicators increased and one declined in the Three Major Shipbuilding Indicators of China in 2018.

In 2018, China shipbuilding completion reached 34.58 million tons, down 14% from the same period last year. New orders went at 36.67 million tons, an increase of 8.7% over the same period of last year. And the on-hand orders reached 89.31 million tons, an increase of 2.4% over the same period last year.

2. Export Amount of Ships maintains growing.

In 2018, China's ship exports amounted to 25.04 billion US dollars, an increase of 10.2% over the same period last year.

3. The economic benefit of shipbuilding industry decreases year on year.

In 2018, 1213 China shipbuilding enterprises above designated size achieved 457.79 billion Yuan in revenue from their main business, down 31.7% from the same period last year. The total profits of China shipbuilding enterprises above designated size reached 11.23 billion yuan, down 23.5% from the same period last year.

4. China Three Major Shipbuilding Indicators maintains leadership in the international market share.

China shipbuilding maintains leading role in the international market share. The annual share of shipbuilding completion, acceptance of new ship orders and the on-hand ship orders have reached 43.2%, 43.9% and 42.8% respectively. Since 2010, the number of shipbuilding completion has remained the first in the world.

5. The ship product structure continues to optimize, and the enterprise innovation ability continues to improve.

6. The market mechanism has been made full use of, and excess capacity has been reduced effectively.

7. Concentration ratio of shipbuilding enterprises continue to grow.

8. Competitive advantages of backbone ship enterprises are obvious.

9. Current Development of Shipping Industry in 2019

Since 2019, the international shipping index, especially the Baltic Dry Bulk Cargo Price Index (BDI), has fallen continuously, to a minimum of 595 points, due to the impact of the Brazilian mining disaster and uncertainties in the recovery of the world economy. The global demand for new shipbuilding market has decreased dramatically.

II Current situation of China's shipbuilding steel market in 2018:

The output of shipbuilding boards has stopped falling and rebounded with concentration ratio increasing steadily.The output of shipbuilding and high strength ship plates increased significantly year on year.Breakthroughs have been made continuously in the development of high-end marine steel.Shipbuilding board prices were consolidated at a high level, with limited downward fluctuation space.

III Development Trend of Ship industry and Steel Market:

The total amount of steel used in ship industry will decrease. Large-scale development of ships will reduce steel demand. The proportion of high-end ship steel will gradually increase. The concentration ratio of shipbuilding industry will continue to increase. The Yangtze River Delta keeps the main area for China shipbuilding development.


(To contact the reporter on this story: leo.ji@steelhome.cn or 86-555-2238932)
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