The demand for steel used in China's shipbuilding industry will exceed 11 million tons in 2022

"With the large increase in orders for new ships and the booming offshore wind power market, the demand for steel for ship-related equipment has shown steady growth. It is estimated that in 2021, China's ship steel demand will be about 9.8 million tons, a year-on-year increase of 3.2%; China's ship steel demand in 2022 will exceed 11 million tons, a year-on-year increase of 12%." At the forum held a few days ago, the China Shipbuilding Industry Association conducted an analysis and outlook on China's marine steel market.

As the most important raw material of shipbuilding industry, the price and quality of marine steel have become important factors to determine whether the supply chain of the shipbuilding industry is stable. Ship enterprises and steel enterprises should vigorously jointly promote and accelerate the application of new marine materials such as corrosion-resistant steel, invar steel, and high-manganese austenitic steel on ships, and accelerate the localization of high-end marine steel.

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