23 February 2012

GMS weekly report on PAKISTAN shipbreaking industry for WEEK 07 of 2012

A handful of Pakistan buyers were still there to offer on units albeit at prices well below the expectations of both cash buyers, brokers and Sellers.

Indian prices picked up a touch off the back of a settling currency and improving steel plate prices something that dragged Pakistan levels with them.

The available candidates though were either holding out for higher numbers or headed to rival delivery ports with geographic positions of vessels now key with all markets currently close together on price.

Source: Steel Price China. 22 February 2012

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