Indian sub-continent markets remain positioned on a largely firm footing, as a surprising shortage of tonnage keeps demand stuck high and prices propped up. The conclusion of Eid holidays has yet to see an increase in supply, despite the fact that the ongoing monsoon / summer holiday months could also be contributing to the overall sluggishness in the supply of units intended for recycling. After this week’s stock market turmoil and the Chinese crackdown on various sectors (including tech and education), there wasn’t an immediate & corresponding knock on-effect on ...

The good news in the recycling market is coming from India this week with a significant increase in prices being offered by the end buyers.

Bangladeshi market continued its impressing course, despite the period of Eid holidays, in addition with Pakistani market which lost several we

As the Bangladeshi market surpasses the previously unreachable threshold of USD600/Ton, the supply of tonnage appears to have dried up once again as the summer / monsoon holiday months continue at pace (& Eid holidays conclude this week).

The subcontinent market continues its strong price rally by touching newer heights every passing day. With very few vessels being floated in

Sub-Continent market steel prices improved over the past week continuing its uplifting course. Bangladesh pricing improved further, with

Demo markets continue their upward trajectory this week and the USD 600/LDT barrier, as suspected last week, was indeed breached on a number of select units.

The subcontinent recycling market continues its price rally amid scarcity of tonnage

Firm prices continued to prevail in the ship recycling market, primarily owed to the lack of available tonnage

Sub-continent markets continue to fire on during the summer / monsoon months, as firmer steel plate prices and an increasing lack of available tonnage has invariably pushed

Sub-continent market pricing continued its healthy course offering mid and high 500/LDT for the right ships

Far from the traditionally expected slowdown during the monsoon / summer months

The end buyers in subcontinent are showing a decent appetite for available tonnage

The market continued to impress for another week with numbers even better than those of 2008

The subcontinent recycling sector remains stable amid mixed sentiments in the global steel market