Demolition Quick Update

03 – 07 May 2021

Source: Athenian Shipbrokers

The market continued its positive course due to the high levels of steel prices. Bangladesh kept a high place on the market due to the local steel prices, with some impressive sales over 500/ldt. However, India had a lot of problems from the escalated cases of COVID-19 but despite that, the activity and offers continued to take place. Pakistan steel prices improved last week and made them competed well against Bangladesh but we have to see, if the Pakistan momentum will stay due to the EID holidays.