Market Commentary 27 June 2021 Source: GMS Leadership As we close out June and head into peak monsoon season in the sub-continent markets, the recycling markets continue to perform surprisingly well. The supply of tonnage remains primarily focused on wet and offshore...
Market Commentary 18 June 2021 Source: GMS Leadership All fiscal budgets in the Indian sub-continent markets have been announced in the past month or so, without any duties / taxes being levied on their respective domestic ship recycling sectors, and this has left all...
Market Commentary 11 June 2021 Source: GMS Leadership With budgets due in both Bangladesh and Pakistan this week, it has been somewhat of a tentative period for both markets, with much of the recent momentum stalled whilst rates and sentiments have been declining (in...
Market Commentary 07 June 2021 Source: GMS Leadership A greater degree of caution seems to have entered the market this week, both on the Cash and End Buyers sides, as some of the more bullish offerings seen over the past few months begin to gradually subside. Forward...
Market Commentary 29 May 2021 Source: GMS Leadership 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...
Market Commentary 22 May 2021 Source: GMS Leadership 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)...
Market Commentary 22 May 2021 Source: GMS Leadership 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...
Market Commentary 10 May 2021 Source: GMS Leadership 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...
Market Commentary 03 May 2021 Source: GMS Leadership 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...
Market Commentary 26 April 2021 Source: GMS Leadership The Covid scourge continues to afflict India with cases now breaching a record 320,000 per day and deaths approaching nearly 3,000 per day, as hospitals turn away patients and oxygen supplies are starting to run...