12 August 2014

GMS weekly report on Pakistan ship breaking industry for WEEK 32 of 2014:

It is clear to see why Pakistan prices have been impressing so much of late, as the graphs below show the steady improvement in both the currency and steel plate prices over the first two quarters of the year. The only hindrance to a continued domination of the Pakistan market will be the steady decline in the availability of open and hot buyers.

Much of the market tonnage has been diverted to Pakistan particularly over the last several months and whilst fundamentals remain impressive, capacity and demand may tail off in the months ahead and Gadani buyers may revert to their age old habit of aping Indian prices once again.

Source: steel guru. 12 August 2014

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