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Amidst the ongoing slowdown in the supply of tonnage and the onset of the traditionally quieter summer / monsoon months that would certainly help ease off the demand, prices across the sub-continent markets remained steady for another week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The ongoing sub-continent collapse in prices fully materialized this week, with all sectors talking down the market and refusing to offer anew on any fresh tonnage whilst they wait for markets to stabilize. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite the recent downturns in the sub-continent markets, which have seen prices correct by as much as USD 25/Ton of late, levels still remain at historically impressive highs across the sub-continent markets. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As the decline in steel plate prices levels out for the time being, all of the sub-continent markets are in a far healthier position today than they were only a few weeks back The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite End Buyers talking markets down, deals continue to be done at ever more impressive numbers, as Cash Buyers keep prices on select units propped up, with increasing hints of levels breaching the USD 400/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
After weeks of uncertainty following the formation of a cartel in Bangladesh and the ongoing volatility in competing markets (i.e. India & Pakistan), subcontinent prices finally appear to have somewhat settled this week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been a roaring start to the year with prices, particularly in India, pushing on to levels approaching (and in the case of certain containers, well above) USD 400/LT LDT. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
With the summer / monsoon season fully under way across the Indian sub-continent, prices and demand have started to decline across the board for various reasons. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The excitement being generated by an imminent Pakistani reopening for tankers coupled with soaring steel plate prices led to an unexpected market lift off this week The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
