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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