Demolition report dated 25 November 2022

After the announcement by the Indian government that they would reduce export duties on iron ore and steel products, the Alang market surged by Rs. 4,000 (about USD 49) in a single day, only to come crashing down in subsequent days to the tune of USD 50/Ton by the time the weekend had arrived. 

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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