27 February 2013

GMS weekly report on Chinese shipbreaking industry for WEEK 8 of 2013:

It has been an encouraging start to life post Chinese New Year for local buyers and the Industry in general, as prices remain firm and even push on for the right units on offer.
Whilst the Indian sub-continent market remains relatively subdued, Chinese buyers are expected to procure their fair share of tonnage (as plenty of units were offered this week), yet the number of confirmed deals was on the lower side.
If China continues this sort of form as Indian sub-continent markets repeatedly stutter, then it is sure to be a bumper year of the snake ahead!
Source: steelguru. 26 February 2013

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