Chan Ye Xin Xi Wang·2025-08-12 01:19Core Insights - The Chinese shipbuilding industry is experiencing robust growth, significantly driving the demand for shipbuilding plates, with domestic production capacity fully covering demand [1][8] - In the first half of 2025, the production of shipbuilding plates by key enterprises in China reached 10.81 million tons, a year-on-year increase of 26.73% [1][8] - Policies such as the "Green Development Action Plan for Shipbuilding Industry" are accelerating low-carbon technology research and industrial transformation, providing directional guidance for industry upgrades [1][8] - Breakthroughs in production processes, including optimized techniques like controlled rolling and cooling, have significantly enhanced the mechanical properties and corrosion resistance of plates [1][8] - The application of 5G and industrial internet in shipyards has improved production efficiency by 30% and reduced product error rates to below 0.12% [1][8] Industry Overview - Shipbuilding plates are specialized structural steel used for constructing vessels for ocean, coastal, and inland navigation, requiring high strength, good low-temperature impact toughness, and excellent welding performance [2] - The industry is categorized into ordinary ship plates, high-strength ship plates, corrosion-resistant ship plates, and special-purpose ship plates [2] Industry Supply Chain - The upstream of the shipbuilding plate industry includes raw materials such as iron ore, coal, and alloy elements, as well as production equipment like blast furnaces and rolling mills [4] - The midstream involves the manufacturing of shipbuilding plates, while the downstream primarily focuses on shipbuilding [4] Current Industry Status - In the first half of 2025, China's shipbuilding completion volume was 24.13 million deadweight tons, a year-on-year decrease of 3.56%, while new orders were 44.33 million deadweight tons, down 18.24% [6] - Despite these declines, China maintains a leading global market share in core ship types, leveraging technological breakthroughs and cost advantages [6] - The demand for high-strength ship plates has surged due to the increasing proportion of green ship orders driven by the IMO's 2050 net-zero emissions target [6] Key Enterprises Performance - The shipbuilding plate industry in China is highly concentrated, with leading companies like Baowu Steel and Ansteel Group dominating the market through technological and policy advantages [12] - Baowu Steel is solidifying its position as the world's largest steel producer, while Ansteel has made significant breakthroughs in high-end products [12] - Jiangsu Shagang has developed thick standard shipbuilding and marine engineering steel plates, further strengthening its market position [16] Industry Development Trends - Technological innovation is the core driver of the shipbuilding plate industry, focusing on high-strength, lightweight, corrosion-resistant, and environmentally friendly materials [18] - The industry is increasingly prioritizing energy conservation and environmental protection, with a shift towards low-emission production processes and recyclable materials [19][20] - The development of smart manufacturing will enhance production efficiency and product quality, with over 80% of large shipyards expected to adopt intelligent production lines by 2025 [21]