The subcontinent recycling market is showing rapid signs of improvement as the demand for steel is soaring day by day

Athenian Shipbrokers SA Ship Recycling Weekly Report

After a couple of weeks of mixed performances in steel plate prices from the sub-continent markets where the industry witnessed Indian levels suddenly jump towards the end of last week, whilst both Pakistani and Bangladeshi markets saw their plate prices decline, this week, the respective pendulums appear to be swinging back. Bangladeshi plate prices finally steadied their recent month long decline through September, Pakistani plate made a small recovery and Indian levels plummeted nearly USD 25/Ton this week. In the West, Turkey spent another quiet, yet steady week, even though ...

The macroeconomic barometer indicates that the global demand for steel is going to remain buoyant as the key

Athenian Shipbrokers SA Ship Recycling Weekly Report

The GMS Weekly Ship Recycling Report marks an incredible milestone as it celebrates its 1,000th issue this week! Since being established in Cumberland, Maryland and starting out as one of the first ship recycling weekly news editorials in the industry during the Spring / Early Summer of 2002, the GMS WEEKLY has grown in stature and following, to become the industry standard and we thank all our readers for being a part of our distribution list! We have seen markets rise and fall, ships bought and sold, regulations come and ...

The sharp volatility in Iron ore and steel prices has revealed the influence of China on the global commodity markets

Athenian Shipbrokers SA Ship Recycling Weekly Report

As the sub-continent markets continue their dreary trudge towards the onset of Q4, the industry seems to have entered a confused and shaky state, as all sub-continent market sentiments seem to be headed in the same direction i.e. downwards. While all sub-continent locations have registered varying rates of reduction, Bangladesh seems to have taken it the worst, with sentiments there truly putting the brakes on some of the higher priced units on offer. On the other side and despite weakening levels of their own, both India and Pakistan seem to ...

The ship recycling market witnessed very limited activity this week as the owners and end buyers are both trying to ascertain the future

Athenian Shipbrokers SA Ship Recycling Weekly Report

Despite the recent downturns in the sub-continent markets, which have seen prices correct by as much as USD 25/Ton of late, levels still remain at historically impressive highs across the sub-continent markets. Not since the glory days of 2008 have we seen prices so high (when the USD 800/LDT mark was breached). Notwithstanding, levels in the mid USD 600s/LDT are still very impressive and are certainly the highest we have seen for nearly 12 years now. Yet, despite the pessimism from End Buyers, there is a permeating impression from some ...

Iron ore prices continue their free fall and are being a sentiment dampener for the subcontinent recycling market

Athenian Shipbrokers SA Ship Recycling Weekly Report

After a wobbly late August that finally saw the recycling markets even off over the last couple of weeks, sub-continent markets (India and Bangladesh) witnessed a noteworthy drop in steel plate prices this week, as local sentiments started to increasingly take a step back, in anticipation of a further decline. As such, the general skepticism from Cash and End Buyers alike, is that the markets may have improved far too quickly of late and that the inevitable correction from such a firming may rear its ugly head in the near ...