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Demolition report dated 5 October 2018

08 October 2018

The Indian currency registered some dramatic declines this week, pushing the envelope well in excess of Rs. 74 against the U.S. Dollar, in addition to some alarming slides in local steel plate prices, both of which ensured it was a terrible week for the Indian market. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.