Current Location：Home - News - Industry
|
|||
| Published：2019.10.15 News Sources：Qingdao Gute Ship Supplies Co., Ltd. Views： | |||
|
The price of the ship board can't be discussed? Korean shipbuilding and steel mills are intensified
According to Korean media reports, major steel manufacturers in South Korea, such as POSCO, Hyundai Steel and Dongkuk Steel, are demanding higher steel prices due to soaring iron ore prices. However, Korean ship companies headed by Daewoo Shipbuilding, Hyundai Heavy Industries Group and Samsung Heavy Industries hope to freeze the price of thick steel plates when the demand for ships is low. Since July, the two sides have been negotiating the price of thick steel plates of 6 mm and above in the second half of this year or the third quarter, but the negotiations have reached a deadlock. South Korean shipping companies have asked the South Korean government to intervene in negotiations to help maintain the price of thick steel plates at current levels, which has further triggered dissatisfaction among steel manufacturers. Generally speaking, Korean shipbuilders and steel manufacturers negotiate a thick steel plate price every quarter or half a year. After the price has been determined for a period of time, the Korean shipping company will make a retrospective payment. In the first half of this year, Korean steelmakers basically kept the price of thick steel plates at about 700,000 won (about 591 US dollars) per ton. However, steel manufacturers are now asking for an average price increase of 30,000 won to 40,000 won. Korean steelmakers point out that iron ore prices have grown rapidly this summer, so steelmakers can only increase the price of thick steel plates accordingly. According to Korea Resources Corporation, the 62% grade iron ore benchmark price was $72.63/ton on January 4, and increased to $88.39/ton on February 15, and increased by $104.3 on May 24. / ton, reached $122.2/ton on July 5. Although prices have fallen back to about $90/ton since September, steelmakers say the negotiations are based on inventories of iron ore, so the current price has nothing to do with negotiations. Contrary to steel manufacturers, Korean ship companies are demanding that the price of thick steel plates be frozen at current levels, saying that the Korean shipbuilding industry is still far from recovery. Lee Sung-geun, president of the Korea Shipbuilding and Ocean Platform Association (KOSHIPA) and CEO of Daewoo Shipbuilding, said recently: "The environment of shipbuilding companies is deteriorating due to the increase in the price of thick steel plates and labor costs." Level of intervention." Korean ship companies believe that thick steel prices usually account for 15% to 20% of shipbuilding costs, so the rise in thick steel prices will bring heavy losses. According to KOSHIPA, the increase in the price of thick steel plates by 50,000 won per ton will result in the shipbuilding enterprise taking an additional 300 billion won (about 253 million US dollars) in manufacturing costs. |
|||
| This Paper Is Divided Into 1 Page | |||
| Next:Container ship market freight rate fell sharply in the fourth quarter is not optimistic | |||
| Previous:British Labor launches global 3D printing rescue boat design competition | |||
