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Take a look below at our Demolition Weekly Market Reports for Week 09 of 2019 (listed alphabetically):
Week 09 2019 (25th February – 01st March)
DEMOLITION QUICK UPDATE
The past week the Sub-Cont recycling markets thrived. India was close to keeping up with Bangladesh since its local steel plate prices boomed and the currency greatly stabilised. Bangladesh still remained the most attractive recycler based on its competitive price with fears however that plots will fill up are always present. To end, Pakistan for one more week remained inactive as sentiments keep getting…..
Source: Athenian ShipBrokers
01st March 2018 – Volume 199 Issue 867 – Week 09
POSITION – POSITIVE!
After some worrying declines at the start of the year, the Indian sub-continent markets appear to have stabilized of late, with Bangladesh (and now India) still positioned on a positive footing as we enter the third month of the year.
Pakistan, as usual, remains uncompetitive (as it has been for much of the past 6 months or so) given its domestic steel reversals and a drastically depreciated currency that has seen Gadani finish at bottom of the pile for yet another week.
Meanwhile, political tensions between India and Pakistan have been the talking point for much of the week – a situation, which thankfully seems to have resolved itself sensibly with the release of the Indian air force pilot on Friday.
Source: GMS Leadership