The emergence of Indian
sub-continent markets from their holidays has somewhat isolated the Chinese
market, with very few deals to report in the last few weeks.
Steel prices remain
subdued and for the time being, it appears as if there is no competing with
their sub-continent competitors - let alone scrap yards in Vietnam and
Indonesia. For larger vessels, cash buyers are choosing to buy 'as is where is'
and ballast for the final voyage over to India, Pakistan or Bangladesh.
Certainly capacity and
demand are good in both North and South recycling yards yet international
demands and owner / cash buver expectations are too far from reality at present
(unless for fully green recycling into China).
Source: Steel guru. 13 November
2013
http://www.steelguru.com/international_news/GMS_weekly_report_on_China_ship_breaking_industry_for_WEEK_44/328072.html
No comments:
Post a Comment