After months of
continuously depreciating prices in Aliaga, hope finally appears on the horizon
for Turkish breakers.
Despite the ongoing
limited supply of demo vessels, with only a couple of units being delivered
locally every (other) week, local steel plate prices improved by about USD 5
per MT, which is reportedly the first improvement after nearly two months of
continuous declines.
As such, it appears that
positivity maybe returning to the Turkish market with end buyers banking on
further improvements. It now remains to be seen if end buyers will react
immediately to such an improvement and start competing once again on market
tonnage, thereby encouraging ship owners to re evaluate Aliaga as a final
destination.
Source: steel guru. 3
December 2014
http://www.steelguru.com/international_news/GMS_weekly_report_on_Turkey_ship_breaking_industry_for_WEEK_48/353726.html
No comments:
Post a Comment