Demolition report dated 18 March 2022

There is talk this week that markets may well have peaked as Bangladesh, India and even Turkey suffered some falls from some of the record steel plate prices seen recently. Cooking oil and commodity prices are chiefly to blame for this dip, but it also cannot be expected that the markets will continually go up (as they have been doing for nearly the last two years).

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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