Ever since the unexpected results of India’s recently concluded General Elections, local steel plate prices have collapsed by nearly USD 60/Ton and reported even further declines this week that have now left most Alang offers on dry bulk units, firmly below USD 500/LDT and only slightly above USD 500/LDT on containers.
The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
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