27 November 2014

GMS weekly report on China ship breaking industry for WEEK 47 of 2014:

Talk that the production and export of (the troublesome) Chinese steel billets is due to slow, has been met with encouragement in the sub continent markets. The reality is that factories may not be allowed to reduce their output, just to adhere to strict governmental targets.

Meanwhile, prices in China have plummeted over the course of the year to the lowest levels since Chinese buyers emerged onto the international stage.

Talk of renegotiations between shipyards and state owners have also been forthcoming showing that in all markets, the perceived price and performance are two different things altogether.

Source: steel guru. 26 November 2014

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