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Take a look below at our Demolition Weekly Market Reports for Week 08 of 2019 (listed alphabetically):
Week 08 2019 (18th February – 22nd February)
DEMOLITION QUICK UPDATE
Over the previous week demolition markets in Sub-Cont. kept their steady course. Bangladesh remained the most attractive recycling destination due to its competitive pricing with increased activity and positive fundamentals. In India, although rupee’s performance was satisfactory, activity remained on the low side. Finally, in Pakistan local fundamentals were once more unsatisfactory with local players being…..
Source: Athenian ShipBrokers
22nd February 2018 – Volume 198 Issue 866 – Week 08
The steady footing that markets have recently found themselves on, continued for another week with Bangladesh once again taking most of the plaudits for another impressive showing and India maintained its strengthened state since last week (despite a marginal drop in local steel plate prices).
Pakistan on the other hand, continues to dither in status quo as it remains on the sidelines, uncompetitive against its sub-continent rivals and there seems to be no immediate hope of them returning to the buying (at aggressive numbers) any time soon.
Finally, Turkey remains positive and firm with not much change reportedly emanating for its key fundamentals i.e. local steel plate prices and the Turkish Lira.
Source: GMS Leadership