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The epidemic situation is under control and the downstream steel industry is gradually improving

May 14, 2020

With China's epidemic situation under control, the downstream steel industry is gradually improving.


In the first quarter, Chinese shipbuilding companies took 65% of global orders


Affected by the new coronavirus epidemic, global new shipbuilding investment fell to its lowest level in 11 years in the first quarter of 2020, and the number of new ship orders for almost all ship types was affected. The "half of the country" in the shipbuilding industry.


Data show that in the first quarter, Chinese shipbuilding companies received a total of 1.5 million CGT (corrected gross tons) for 55 new ships, accounting for 65% of global orders, down 50% year-on-year in terms of CGT. Among them, in March this year, Chinese shipbuilding companies received 17 orders of 600,000 CGT, and 15 new ship orders came from domestic shipowners.


The resumption rate of key transportation construction projects reached 99.2%


The Ministry of Transport ’s routine news conference in April showed that as of April 28, 620 key transportation construction projects in China had resumed 620 projects, with a resumption rate of 99.2%. There are 165 newly-started highway and waterway projects. At the same time, it organized local governments to start some construction projects in advance in line with the national strategy and the direction of the "14th Five-Year Plan".


Affected by the epidemic, in the first quarter, transportation fixed asset investment fell 22.5% year-on-year, of which 58% in February. In March, China's investment in fixed assets of transportation recovered to 93.3% in the same period last year, an increase of 53.3 percentage points from February.

 

 

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