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With holidays underway across much of the world, it has been a far quieter week in terms of sales & activity, whilst sentiments and pricing remain further muted as a result. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
It has been a woeful week across all of the major ship recycling markets, with some tumultuous declines leading to minimal interest and offers on any available tonnage. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
2014 turned out to be a very hectic year for the demolition market and it became clear just how volatile the market really can be. Previous experiences tells us the end of the year is usually one of the busiest moments for scrapyards, however in 2014 this effect was washed out by declining demolition prices.
As holidays descended across much of the sub-continent over the last week, activity and sales logically slowed as the recycling industry enjoyed a bit of a breather. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Both Pakistani and (especially) Indian markets have come surging back this week, to lead the way over a lackluster Bangladesh that has virtually dropped out of contention of late. 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.
Markets continue their seemingly uncontrolled downward spiral this week, with steel plate prices losing massive ground in India, and Bangladesh hardly offering any reasonable rates on available units. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Despite the conclusion of Eid holidays and the ongoing shortage of tonnage in the market,subcontinent locations (especially India and Pakistan) remain stranded around the mid USD300s/LDT mark. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
The traditional year-end exuberance from the subcontinent markets has yet to officially materialize, given the ongoing uncertainty with local fundamentals that has ensured prices and demand remain relatively subdued. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Markets remain positioned some ways away from their recent peak with different factors affecting each location, and this is subsequently pulling prices across the board, lower by the day. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
