Posted on 21 Aug 2008
China’s ship plate prices fall
China’s
ship plate prices are expected to soften.
The downstream’s demand for ship plates decreased this year
as the shipbuilding industry was not as strong as before. The international
shipping industry has weakened as well.
Besides, China’s
production of ship plate has increased sharply, which led to an oversupply
situation.
According to related statistics, China produced 1,757,800 tons of
ship plate in June, a rate that soared by 67.7 percent year-on-year. Total
production in the first half year was 10,507,200 tons, a jump of 121.4 percent
compared with the same period of last year.
