Demolition report dated 26 August 2022

As we head into the fourth quarter of the year, activity seems to be increasing in terms of general availability of candidates and demand from sub-continent Buyers for tonnage. It has been an extremely inert summer / monsoon period across all markets, as rates have cooled off tremendously due to sliding steel plate prices and collapsing currencies. 

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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