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Subcontinent markets finally appear to be turning positive as nearly all locations posted some gains off the back of settling steel plate prices and stabilizing / firming currencies. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As the fourth quarter gets into full swing, a degree of stability finally seems to be emerging in the subcontinent markets as a couple of sales have reportedly registered at firming numbers this week, leaving Cash Buyers and Recyclers cautiously optimistic. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite the fourth quarter of the year being well under way, it has been surprising to see the Indian subcontinent markets still stuck in the ongoing doldrums. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The summer malaise that has set in to the primary international ship recycling destinations has continued for another week, with muted demand, declining offerings and despondent local fundamentals that continue to take a toll on respective local sentiments. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Prices remain marooned in the mid USD 300s/LDT as a sluggish summer of offers and sentiments in the global ship recycling markets nears an end. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite the conclusion of Eid holidays and the ongoing shortage of tonnage in the market,subcontinent locations (especially India and Pakistan) remain stranded around the mid USD300s/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Prices across the subcontinent markets have been rocked by the shocking deterioration of local steel plate prices & currencies (especially in India) and the immediate / short term outlook for the various recycling markets certainly seems grim. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Subcontinent markets continue to remain depressed over these summer / monsoon months and with Eid holidays now upon us, there remains little hope of a return to more bullish numbers anytime soon. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Following significant declines in various fundamentals over the summer / monsoon months at each location, all subcontinent markets are now offering on units, in the mid-to-high USD 300s/LDT. 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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