According to the latest report, the shipyard's thick steel plate rose 64% at a time.

From the perspective of the production of ship plates in recent years, the output of general-strength A and B-class ship plates accounted for 90%, and the output of high-strength ship plates was less than 10%. The general-strength D and E-class ship plates and high-strength ship plates are basically produced by Anshan Iron and Steel New Rolling and Heavy Plate Plant, Pugang Heavy Plate Plant and Wugang Heavy Plate Plant.

According to Yonhap News, sources said that the negotiations between South Korean steel mills and shipyards on the price of thick steel plates appear to have entered the final stage. According to reports, South Korea’s largest steelmaker Pohang Iron and Steel Corporation (POSCO) proposed to increase the price of heavy steel plates to 1.15 million won (US$980) per ton, which accounts for about one-fifth of the cost of shipbuilding.

In the first half of this year, the selling price of thick steel plates is about 700,000 won per ton, which is equivalent to a 64% price increase. It is understood that Korean shipyards and steel mills will separately negotiate the price of thick steel plates every six months. A Pohang Iron and Steel company manager said that negotiations are still going on and the two sides can reach a reasonable deal. POSCO is preparing to increase prices because the cost of iron ore is increasing. Iron ore is one of the main raw materials used in steel production. The increase in raw materials will increase the cost of steel plants. According to data from South Korean companies, on May 12 this year, the Platts 62% iron ore price index was quoted at US$233.1 per dry ton, which was the highest price ever.

Kim Hyun-tae, an analyst at BNK Securities, said in a July report that POSCO may increase the price of thick steel plates, and that Korean shipyards will also increase their demand for thick steel plates due to the increase in ship orders in the first half of the year. Substantial Increase. According to statistics, the Korean shipyard completed more than half of its annual target for new shipbuilding orders in the first half of the year. Among them, Hyundai Heavy Industries Group won new orders for 156 ships and two offshore projects in the first half of the year, with a total value of 13.8 billion U.S. dollars and fulfilled 92% of the annual target of 14.9 billion U.S. dollars (as of now, it has obtained 17.4 billion U.S. dollars in orders). Daewoo Shipbuilding & Marine and Samsung Heavy Industries also completed more than 60% of their annual order targets in the first half of this year. The three major Korean shipyards are all negotiating with steel mills.

 According to insiders, Hyundai Heavy Industries is in the final stage of negotiations with Pohang Iron and Steel Co. It may eventually reach an agreement at a price of 1 million won to 1.15 million won per ton of heavy steel. At the same time, the negotiations between Daewoo Shipbuilding and Pohang Steel and Hyundai Steel (Korea's second largest steel plant) have entered the final stage. In addition, Samsung Heavy Industries said that the company has been negotiating with Pohang Steel and Hyundai Steel, but did not give further details.