National shipbuilding completion volume increased by 95.4% year-on-year

Release time:

2024-04-11

The industry predicts that the demand for ship steel will increase by 4.8% year-on-year in 2024, which is smaller than the growth rate in 2023. The volume of new orders may not be as high as in 2023, and the growth rate of related steel demand will fall back. The overseas shipping market has further tightened its green and environmental protection requirements, which will have a certain impact on the quantity and structure of shipbuilding steel.

From January to February 2024, the national shipbuilding completion volume was 8.26 million deadweight tons, a year-on-year increase of 95.4%; the number of new orders received was 15.2 million deadweight tons, a year-on-year increase of 64.4%. As of the end of February, the number of orders on hand was 149.19 million deadweight tons, a year-on-year increase of 31.3%.

Analyst opinion: The industry expects that demand for ship steel will increase by 4.8% year-on-year in 2024, which is smaller than the growth rate in 2023. The volume of new orders may not be as high as in 2023, and the growth rate of related steel demand will fall back. The overseas shipping market has further tightened its green and environmental protection requirements, which will have a certain impact on the quantity and structure of shipbuilding steel.

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