22 November 2012

GMS weekly report on Bangladesh shipbreaking industry for WEEK 46 of 2012:

Bangladesh failed really to deliver on the hope that they could once again return to the offering in the Indian sub continent and prop up the market.

Levels remain remarkably soft despite several buyers returning to the table once again, following their period on the sidelines when most yards were stuffed.

Therefore, it was hardly surprising to see no market sales for the week, with China snaring any available tonnage positioned in the East back their way.

For the larger units on offer there are one or two open buyers but for smaller there may even be no offers forthcoming in what is becoming an increasingly choosy and difficult market.

Source: Steel Guru. 20 November 2012

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