Demolition report dated 31 May 2024

As May greets a tumultuous end in the global ship recycling markets, increasing vessel prices on the back of a firming demand from fiery Alang Recyclers, who seem to have set a nitroglycerine fuse off on the beaches of Alang since the start of the voting on April 24 has now seen local steel plate prices climb nearly USD 45/Ton despite suffering through minimal volatility during this week.


The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.


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