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Weekly Demolition Reports

Best Oasis Weekly Recycling Market Report, 04 June 2021

Volatility in global steel prices coupled with the ongoing Budget session have led to a slight drop in prices

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 21, 2021

Overall the subcontinent market seems to stabilize with very slow improvement

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GMS Week 22 – STEADY RISES SLOW!

There is some emerging hesitation in the sub-continent markets this week, as the traditionally slower / quieter monsoon and summer months approach and the steady firming of steel prices seen over the past month or so, start to slow. What comes up must eventually come down, and whilst future prices remain well poised (at least for the time-being), it seems as though the recent rally on prices may have reached its peak and some corrections on levels may be due on prices further down the line. Vessels continue to arrive ...

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Best Oasis Weekly Recycling Market Report, 28 May 2021

Global ferrous scrap and finished steel market is witnessing mixed trends which has made the end buyers hesitant

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 20, 2021

EID holidays are over, the market resumed business as usual with further improvement in rates

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GMS Week 21 – PRICE PEAK?

With the conclusion of Eid holidays, SNP activity resumed in the sub-continent markets once again, with some continually strong numbers on show, despite declining of steel plate prices by about USD 9/LDT (in India) this week. Some of the momentum leading up to Eid holidays has unsurprisingly stalled a little, and there is a lingering suspicion that the markets have perhaps peaked and a slight correction in levels could be anticipated in the near future. Covid-19 continues to wreak havoc across the sub-continent markets, particularly in India, where ICU units ...

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Best Oasis Weekly Recycling Market Report, 21 May 2021

The demolition prices continue to remain positive backed by escalating global steel prices

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 19, 2021

Last week overall the prices of steel remained strong in the sub-continent

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GMS Week 20 – PARADOX IN CRISIS

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. Indeed, ship recycling yards in Alang and Gadani remain closed for the time being and as such, there remain lingering concerns that these recent spikes in steel may simply be artificially induced, due to a dearth of supply and with product unable to shift from local yards at the same time. There has been a steady stream of vessels sold pre-Eid holidays at improving ...

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Best Oasis Weekly Recycling Market Report, 14 May 2021

It has been an inactive week with Pakistan and Bangladesh markets remaining closed till May 16

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 18, 2021

The market continued its positive course due to the high levels of steel prices

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GMS Week 19 – WORSENING SITUATION

Despite the escalating Covid-19 crisis unfolding across the sub-continent, markets still remain firm as we head into Eid holidays next week. India has been hardest hit by this second wave of Covid-19 (reportedly a new mutation) and the country is now recording over 400,000 new daily cases and over 4,000 deaths (which could be much higher due to a lower rate of testing than most countries in Europe and the U.S.). Pakistan, Bangladesh and Turkey are also recording increasing cases and the traditional Eid holiday religious gatherings that signal the ...

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Best Oasis Weekly Recycling Market Report, 7 May 2021

The demolition prices are reaching newer heights week on week as the end buyers from Pakistan

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GMS Week 18 – GRIM MILESTONES

All eyes remain on the horrifying situation that is currently unfolding in India as each day brings with it record, numbers of Covid-19 cases & deaths as many hospitals across the country are running desperately low on oxygen supplies and vacant hospital beds. Over 400,000 cases are being registered every day now with well over 3,000 deaths being recorded on a daily basis – the highest of any country at any point of the pandemic. Understandably, Alang recycling yards have been shut as supplies of oxygen are being diverted elsewhere ...

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Athenian Shipbrokers S.A. DEMOLITION QUICK UPDATE Week 16, 2021

Due to the Pandemic, there is a mixed picture, as the yards have to cope with deliveries under these circumstances

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