According to the statistics of Mysteel, China steelmakers produced 14.0653 million tonnes of ship plates in all last year down by 30.6% or losing 6.202 million tonnes from 2008.

Industrial experts noted that under the hit of global financial crisis,
international demand shrunk in 2009 accordingly, China ship plate export
decreased heavily causing the output reduction.

In addition, Korea, the biggest importer of China made ship plate,
abated their stock due to the short of liquidity. And, Korea steelmakers
enhanced their supply of ship plates to domestic users as they opened
their new production lines one after another. Korea moves led to large
decrease in ship plate export from China to Korea.

During the year, China mill made adjustment in their product mix, giving
up part of the production of low value added and low quality ship
plates. It’s another reason why the output dropped.

The data of Mysteel showed that China yielded 5.1692 million tonnes of
medium & high strength ship plates in 2009 up by 71.6% from 2008
with the occupation ratio up to 37% of the total ship plate output.

Source: MySteel

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• Nippon Steel offers 900 USD FOB for SBQ plates for July shipment

    TEX reported that Nippon Steel Corporation is contemplating maintaining the offer price of USD 900 per tonne FOB in its export deals of ship plates (heavy plates for shipbuilding) under negotiation with South Korea’s shipbuilding companies for shipments from July 2010 onward. Behind NSC’s firm bargaining stance lies strong demand

• Korean imports of plate seen on downward trend

    It is reported that the ratio of demand for imported plates to the total demand for plates in Korea is expected to scarcely maintain the level of 30% this year and on the other hand, the portion of domestic production is expected to soar to 70%. As imports of plate

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• Japanese heavy plate export prices on the rise

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• China ship plate market has slowed in weak economy

    In 2008, the global economic crisis seriously hit China’s ship building industry and greatly affected the ship plate market.

• Hyundai Heavy May Reduce China Steel Plate Imports

    Hyundai Heavy Industries Co., the world’s biggest buyer of steel plates, may pare purchases from China for the first time in five years as it builds fewer vessels and considers getting supplies from a new Korean mill. “There’s no reason for us to buy more from overseas,” Chief Operating Officer

• CSBC Corp. to reduce raw material costs by 22 million TWD

    It is reported that since Taiwan’s China Steel Corporation has announced to cut its ship plate price by TWD 1,000 per tonne in January and February 2010, CSBC Corporation may able to reduce their raw material costs by TWD 22 millions. CSBC Corporation has several shipbuilding orders in hand, and

• Japan steel producers in export deals of high-quality panels

    TEX reported that Japan’s integrated steelmakers find themselves in active export deals of high grade heavy plates for energy related applications such as jackets, oil or gas storage tanks, and oil refinery tanks at a time when national oil companies and gas authorities in the world’s emerging economies are poised

• SBQ plate demand overloaded Issue

    According to a source from China Association of National Ship Industry who asked not to be named, the output of ship plate has already exceeded the demand in China’s ship industry and the heavy overcapacity in ship plates might force down the prices, resulting in resource waste and cut throat