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Sub-continent markets appear to be more tentatively poised this week, with a cooling demand and lower levels that are increasingly reflective of domestic steel prices and have likely peaked. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Markets have endured another boost off the back of surging commodity prices and there is every expectation that the USD 700/LDT mark will be imminently breached in the sub-continent markets once again. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, despite the rapidly escalating Covid-19 crisis across much of Asia, steel plate prices continue their upward trajectory once again for the second running week. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
All subcontinent markets continue to display signs of positivity this week, as deals of previously concluded units already in Cash Buyer hands were reportedly done at some clearly improving levels into all locations. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
All subcontinent locations have enjoyed several weeks of positivity, as sales have and continue to take place at increasingly firm numbers. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Following a brief few weeks of positivity, subcontinent markets are once again embarking on a dispiriting downwards descent, with End Buyers withdrawing their offers amidst declining levels from India, Bangladesh and Pakistan. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The market remains on an overall subdued footing, despite the recent surge in optimism in India, brought on by last week’s election victory of Prime Minister Mr. Narendra Modi. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
As we near the cut off date of the Bangladeshi budget on June 5th and the upcoming monsoon season across the subcontinent markets, deals keep being concluded – particulary in the beleaguered Capesize bulker and container sectors. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
After a bumper week of sales, things certainly slowed a touch this week with just the one VLCC sale to report, as the number of VLs already committed through 2018 steadily creeps towards 30. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Unsurprisingly this week, another four VLCC sales (both market and private) were reported, further adding to the burgeoning volume of large LDT wet units that have been sold through 2018 already The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
